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3 hours ago, Bud said:

The Tasa Unica currently is $400.00 per year. Must be paid in cash at Banco Nacional.

It can also be paid at Caja Ahorros which is another government owned bank. The registered agent fee varies by attorney providing the service. My attorney charges nothing. Before you ask, he is retired and not taking new clients.

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I have taken care of this task myself for many years. Only fill out one form (using all the numbers from the prior year's form), spend a few minutes in line at the bank, and it is done. Best news is no agent fee involved.

Was not aware the Tasa Unica could be paid at Caja Ahorros. Will keep that in mind in case the lines at BN in Boquete are too long.

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A PIF must have a registered agent, yes. Must the registered agent pay the Tasa Unica, no.

I understand some attorneys will say or infer that a registered agent must pay the Tasa Unica, but nope. Such a statement would be for obvious reasons.

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2 hours ago, Dottie Atwater said:

 I'm confused. Isn't a registered agent required?

A registered agent is required, but the agent does not have to charge you a fee or pay the taxes for you.  My attorney is listed as the registered agent for my corporation, but I pay the taxes myself at Casa de Ahorra, and he has never charged me an agent fee.  Some attorneys are not as nice.

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I changed lawyers within the last year. My former lawyer used to take care of all taxes and fees and then bill me. But now I'm on my on. I have paid my property tax at Banco Nacional, but I also owe corporation taxes and resident agent fee which must be paid by July 15. Are these also paid at Banco Nacional or Caja de Ahorros, or are they paid to the lawyer? What are these taxes/fees called in Spanish?

Edited by Bonnie
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20 minutes ago, Keith Woolford said:

'tasa unica'

The term "tasa unica" is for both, i.e., taken together? Since it means "single rate," that seems logical. However, it doesn't seem logical for a resident agent fee to be paid to the government rather than to the resident agent.

Edited by Bonnie
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Sorry Bonnie, the 'tasa unica' is the fee to the government. The resident agent fee goes to the resident agent, who is usually your lawyer.

One lawyer I have on a Fundacion doesn't charge a resident agent fee.

Contrarily, the lawyer I have for a Corporation I bought charges a fee, but only collects it every few years, and we negotiate a bit.

Edited by Keith Woolford
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On June 5, 2016 at 9:49 PM, Dottie Atwater said:

But don't you have to pay the registered agent a yearly fee?

Nope. Not unless he is actively involved in doing something in his capacity as the registered agent. Since I pay the Tasa Unica he does nothing and is paid nothing.

It is my understanding that a registered agent is required. That does not bother me and seems reasonable. It is a matter between the registered agent and you whether he is paid any fee for holding that position.

BTW, I also take care of the income tax filings through a CPA in David. A fee is paid for that service. It is my understanding that a CPA must file that report, but some expats tell me otherwise. If there is clarification on this point, I would appreciate it.

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Bud, where do you get the forms for the Tasa Unica? Is it possibly the same form that I use to pay property taxes? Thanks! My registered agent handles no business for my foundation (I don't have any) but he charges me $150 per year for his "services." I'm getting fed up with this and intend to change. But my taxes/his fee are due by June 15th so I guess I'll have to bit the bullet and pay him his year. He pays the taxes (after I sent him the money), but I could certainly do that myself.

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  • 4 weeks later...
On 6/16/2016 at 6:38 AM, Dottie Atwater said:

Bud, where do you get the forms for the Tasa Unica? Is it possibly the same form that I use to pay property taxes?

...

Dottie,

In case it might help, here is a scan of the form that we use at Banco Nacional for our foundation. One simple form, which you get at the bank.

I do not know the answer to your second question. We are still in the exoneration period for not having to pay property taxes.

FY2016 La Vision Foundation Tasa Unica 2010503.pdf

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Thank you, Bud. Yes, it does help. I didn't have time to research for another lawyer to be my registered agent this year (taxes/agent fee due July 15th), but by next year I hope to have a registered agent who doesn't charge $150 for doing nothing except paying the annual taxes.

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