Answer
Special fiscal periods have been established for the following activities:
• Institutions or companies of the Public Sector (mandated to fix the budget period
from January 1st to December 31st).
• The national airline or related company.
• Political parties and religious institutions.
• Union organizations, foundations, associations declared of public interest and
cooperative associations with a closing date on the natural year.
• Mutual funds authorized by the Housing Mortgage Bank to operate within the
National Housing Financial System.
• Entities dedicated to the financial and stock exchange market, savings and loan
cooperatives (regulated by SUGEF).
• Companies dedicated to banana cultivation.
• Companies dedicated to planting or industrialization of rice with hulls.
• Subsidiary companies.
For planting or industrialization activities related to rice, the fiscal period shall be July 1st
of one year to June 30th of the following; for the subsidiaries, according to that of the
headquarters, and for the remaining activities it shall be one natural year , from January
1st to December 31st; for insurance marketers the period by natural year.
The change in the fiscal period must be carried out before the beginning of the fiscal
period, using form D. 140, distributed freely by the Tax Administration Service.
Legal basis: Article 4 of the Income Tax law, N° 7092 of April 21st of 1988 and its
amendments, resolution N° 16-97 of August 12th of 1997, published in La Gaceta N° 171
of September 5th of 1997. Doing Business in Costa Rica
