Ensure Control of Your Assets and Compliance with Costa Rican Tax Regulations with JGutierrez Auditores Consultores S.A.

Why is fixed asset control mandatory for companies in Costa Rica?
In Costa Rica, both large taxpayers and companies operating in free trade zones are required to maintain precise control of their fixed assets, not only to optimize management but also to comply with legal requirements established by the Income Tax Law and Law 7210 on Free Trade Zones.

  • According to the Income Tax Law, fixed assets must be duly registered and updated to justify their fiscal value, allowing for proper depreciation calculations and adequate handling of costs and tax benefits.
  • Law 7210 on Free Trade Zones mandates that companies under this regime maintain control over their investments in fixed assets and demonstrate their physical existence. This requires a thorough registration of each asset, as well as systematic inventory control and verification.

Specialized Industry Experience:
At JGutierrez Auditores Consultores S.A., we have extensive experience in sectors such as pharmaceuticals, retail, and construction, among others. This background enables us to understand the specific needs and regulatory requirements of each industry, offering tailored solutions.

Advanced Technology and Data Analytics
We use state-of-the-art tools, including scanning systems like Zebra Technologies and inventory management software such as SAP Inventory Management. Additionally, we incorporate artificial intelligence applications and advanced analytics to enhance the precision and efficiency of inventory processes, enabling more effective asset management.

Commitment to International Standards
We align with best practices in asset management, continuously adopting international standards that ensure the quality and reliability of our services.

Tangible Benefits and Compliance with IFRS
In past engagements, we have assisted companies in adjusting their records in compliance with International Financial Reporting Standard (IFRS) 16, which governs property, plant, and equipment. This has enabled the identification and correction of improper depreciation and the management of obsolete assets, resulting in favorable tax adjustments and enhanced presentation of financial statements.

Integration and Customization of Reports
Our AI-based applications integrate seamlessly with various ERP systems, facilitating customized reporting tailored to the specific needs of your company, improving decision-making and operational efficiency.

Sustainable Practices and Operational Efficiency
Committed to sustainability, we implement paperless practices through digitalization and use technological tools that reduce environmental impact, aligning with international sustainability standards.

An Integrated Solution for Asset Control and Optimization
To maximize the value of asset control, JGutierrez Auditores Consultores S.A. has developed an integrated solution combining financial auditing and fixed asset inventory services, a strategic approach that provides companies with a complete view of their finances and asset management. This solution, commonly adopted by top international firms, offers your company:

  1. Enhanced Accuracy and Fiscal Compliance: The combined financial audit and physical asset inventory ensures that each asset is correctly recorded, thus meeting tax and free trade zone compliance standards.
  2. Resource Optimization and Operational Efficiency: Conducting both services simultaneously reduces time and costs compared to performing these processes separately.
  3. Comprehensive Asset Management: A holistic perspective that strengthens both accounting structure and operational control, optimizing the administration and management of fixed assets.

Benefits for Your Company:

  • Optimized Asset Management: Improves asset administration and protects your investment in fixed assets.
  • Legal and Tax Compliance: Ensures regulatory compliance and prevents penalties or adjustments in tax audits.
  • Increased Accuracy with Reduced Time: Our integrated methodology enables complete fixed asset inventory with accuracy and optimized timelines, ideal for free trade zone companies and large taxpayers.

📲 Contact us today and discover how JGutierrez Auditores Consultores S.A. can help you fulfill your obligations and enhance the management of your fixed assets.

Jorge Gutiérrez Guillén
Phone: +506 2552-5433
WhatsApp: +506 8811-5090
Email: jgutierrez@consultoresjg.com
Website: www.consultoresjg.com

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Jorge Gutiérrez Guillén

With over 14 years of professional experience, I specialize in auditing and financial consulting, successfully leading the boutique firm JGutierrez Auditores Consultores S.A. Our mission is to provide quality services that not only meet industry standards but also bring a diverse and valuable perspective to business strategies. We are committed to integrating global accounting practices and ensuring compliance with Costa Rican and regional regulations, in line with our firm's values and culture. Our expertise focuses on implementing audits for various purposes, such as verifying the reasonableness of financial statements, ensuring compliance with tax and financial laws and regulations, evaluating the effectiveness of internal controls, improving processes, preventing fraud, optimizing resource use, and guaranteeing the security of information systems. Additionally, we concentrate on the new regulations related to financial and environmental sustainability responsibilities, all aimed at ensuring the transparency, efficiency, and legality of an organization’s operations. Furthermore, we offer consulting services in information systems and operational management, along with specialized consulting in ISO standards, transfer pricing studies, and industrial cost analysis. These responsibilities have enhanced our analytical and financial management skills, allowing us to contribute to the growth and strengthening of our client’s operations, always in collaboration with a team of highly skilled professionals and young talents who are experts in new technologies. Jorge Gutiérrez Guillén Business Consultant and Certified Public Accountant

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