Hello to all, 
I hope everyone is having a good March.  Things are hot right now down on the coast.  The temperature broke 95 F on Saturday.  It's a good thing we have that lovely ocean out front to cool us off in the warmer months.

Just a reminder to those who already own lots in our lovely development to pay your taxes this coming month.  Despite the article entry below, property owners are responsible to pay taxes or their property could be in jeopardy.  Please remember to take care of this for the good of your investments.  Hopefully, we will get some reprieve in the coming years, but for now we are absolutely responsible to have this taken care of.

Also, our yearly HOA meeting will be coming up in early April.  Please keep a look out for the newsletter and meeting schedule coming up in your email.

Aliens or Atlantis? Who made Costa Rica's stone spheres?

http://edition.cnn.com/videos/world/2015/02/05/spc-gt-pkg-mann-costa-rica-stone-spheres.cnn

Tax on Costa Rica corporations is unconstitutional, says court

More than 545,000 corporations are registered in Costa Rica, according to the National Registry.

Ronald Reyes/The Tico Times

The Constitutional Chamber of the Supreme Court, or Sala IV, on Wednesday evening ruled three articles of the country’s Corporate Tax Law unconstitutional, and as a result, collection will be suspended starting next year.

The Sala IV ruling notes that taxpayers still are obliged to pay the relevant taxes for the current period by this Saturday’s deadline.

According to the ruling, a procedural error occurred in the approval of the law, which created the tax in question in 2011. A version of the approved bill was published in the official newspaper La Gaceta, but lawmakers amended several articles and the changes were never published, the Sala IV stated.

Justices found the drafting of articles 1, 3 and 5 unconstitutional. Those articles outline the implementation of the tax, its rates and sanctions for tax dogding.

Modifications also included the adding of new sanctions that were not included in the original drafting of the law.

Sala IV’s ruling also states that in order to avoid problems or misinterpretations, taxes for the fiscal year 2015 must be paid. Tax collection will be suspended from 2016.

The Corporate Tax Law was approved on Dec. 23, 2011, and up to 95 percent of funds are supposed to be invested in public security programs.

Before the ruling, the tax had to be paid every January by all corporations registered in the National Registry. This month, active corporations must pay ₡201,700 ($380) per year, and inactive corporations, or those that do not earn a profit, pay ₡100,850 ($190). All payments must be made at Banco de Costa Rica branches. Banco de Costa Rica customers can pay the tax online at the bank’s website.

According to the National Registry, 545,000 corporations are registered in Costa Rica. A Jan. 14 report stated that fewer than 6 percent of taxpayers had paid it.