Strategic Solutions for Tax Optimization and Regulatory Compliance
Comprehensive Tax and Legal Advisory
Tax Advisory
The permanent advisory service is offered from a proactive perspective, the aim is for the Client to obtain added value from the advice, and not just to answer sporadic questions. We offer a deep dive on the Client’s operation to have a full understanding of its business, anticipating many day-to-day events, and advising on complex matters and critical business decisions.
By having permanent contact with Client’s management team, to address topics of interest and specific matters that can lead to the reduction of legal and tax contingencies, we assist on improving the Client’s tax position. Queries can be answered by telephone or email. However, if a more in-depth analysis is necessary, technical reports can be prepared with specific scopes, according to the Client’s request.
Advisory service can focus on specific matters of the Client’s business, such as cash flow management, cost efficiencies, shareholders’ interests, employment conditions, among others.
We allow our Clients to focus on their business, relying their tax matters into an experienced and trust worthy advisor.
Estate Planning
Family estate management is a key element in the Client’s peace of mind. Our planning service is dedicated to understand the Client’s reality, its family, its business, and its requirements, in order to offer solutions that fit the wishes and objectives of the Client and his/her family.
By understanding the Client’s reality, a variety of structured products are offered tailored to its case. This process is based on legal and tax experience in handling estate planning processes, and takes into account not only the estate, but also current and future businesses, to provide the Client the best professional advice in a highly personalized manner.
When necessary, advisors and professionals in other jurisdictions can be involved to review the proposed structures, providing a comprehensive service.
Tax modeling
Tax planning and modeling services can be applied in several situations. We offer a service that encompasses a full range of stages, assuring the Client the review of the project in all its scope. Inclusion of local and regional regulations will allow to create a tailored solution for the Client’s needs.
Whether facing a business reorganization, a post-acquisition project or engaging in a new business or expansion, we design alternatives for the client to optimize its tax position and obtain the full benefit available for its project.
We make sure the alternative chosen by the Client is well executed, assisting with legal, corporate and tax advisory throughout the implementation phase. Our “hands-on” approach provides Clients peace of mind will take a full advantage of the tax modeling project.
Tax Compliance
Compliance with tax obligations is a matter of interest for all companies. We provide a preventive approach to our clients, assisting with a compliance review of the main tax obligations. This process grants an overview of the compliance level, and defines future actions.
The review process is done taking into consideration Costa Rican tax and legal regulations but can also cover several other jurisdictions, as required for the project.
Our services include preparation or review of all local tax obligations (national and municipal) as well as formal obligations, including Beneficial Owners registry and Luxury Tax.
Debida Diligencia
At Altia, we understand the importance of buy or sell transactions, and the difference it makes to have a very good preparation stage. We assist with due diligence services as preparation to buy or sell a business. Due diligence is the basis for negotiation, and the assistance of a highly experienced team is key for the transaction to be successful.
A review of the business’ tax and legal management, considering the analysis of any elements that may have a tax impact upon the transaction closing, will be the cornerstone for this type of transactions. Likewise, an analysis of the financial statements is performed from a tax perspective, with the aim of identifying whether the information is aligned with the tax requirements of local regulations.
Audit and litigation
The service is offered to assist the Client from the moment the audit commences. This provides support in reviewing the accounting, financial, and tax information that will be submitted to the auditor. The Client is also supported in handling communications with the Administration, ensuring that responses include the necessary technical component. Working sessions and meetings with both client and authorities are prepared and held as part of the process until the audit is concluded.
In addition, we offer assistance throughout the different litigation stages, from administrative to judicial phase, providing all legal and technical knowledge
Administrative processes
We offer assistance on several administrative processes companies often require, including:
• Tax statements of account and reconciliation requests
• Payment installments
• Exemption requests
• Capitalization policy approval
Investment projects – Free Trade Zones
We support foreign and local projects in establishing themselves in the country under an incentive regime. This involves designing the best business model to implement according to the project’s expectations. This process includes:
- Evaluation of the desired business line.
- Analyzing the client’s capabilities to define the feasibility of the project under an incentive regime.
- Assist in the application process for the incentive regime. Leading the preparation and review of the application, as well as its presentation and follow-up until approval of the corresponding regime is achieved.
Once the regime is obtained, we support its management, that is, validating obligations and explaining the client’s commitments. All obligations can also be carried out on behalf of the client (outsourcing regulatory compliance).