Inactive entities have an additional three months to file the simplified income tax return, which was due no later than 15 March 2022. On 10 March 2022, Costa Rica enacted a law simplifying tax obligations for inactive entities and granting a three-month extension for filing the simplified income tax return, which was due 15 March 2022.The law establishes that inactive entities must only provide the tax authority with a high-level of detail on assets, liabilities and capital, through a summarized and simplified tax return that minimizes compliance costs. If the information does not change in following years, taxpayers must only...