• Costa Rica Coffee Guide

Costa Rica approves seven more agreements on tax-information sharing

December 20, 2013

As lawmakers ended their 2013 session Thursday, the Finance Ministry reported that the legislature approved seven new agreements on the sharing of tax information with several Nordic countries. 

During the month of December, Costa Rica’s Legislative Assembly approved accords to exchange tax information with Sweden, Norway, Denmark, Norway, Greenland, Iceland and the Faroe Islands.

“The legislative approval of these seven Information Exchange Agreements represents a great advancement in international accountability and an important commitment by the country in terms of fiscal transparency and automatic exchange of information relevant for tax purposes,” said acting Finance Minister Jose Luis Araya, in a statement Friday.

Earlier this year, Costa Rica signed an agreement to share information with the United States about the financial holdings of U.S. citizens living in order to enforce the U.S. Foreign Account Tax Compliance Act, FATCA.

The recently approved tax transparency agreements come as President Laura Chinchilla’s administration works to prepare Costa Rica’s application to the Organization for Economic Cooperation and Development, a club of many of the world’s developed countries.

In the past, both the International Monetary Fund and the OECD have accused Costa Rica of being a tax haven.

Since 2009, Costa Rica has signed similar agreements with Argentina, Australia, Canada, France, Mexico and the Netherlands.

You may be interested

Guatemalan security forces break up US-bound migrant caravan
Central America
34 views
Central America
34 views

Guatemalan security forces break up US-bound migrant caravan

Edgar Calderon with Henry Morales Arana / AFP - January 18, 2021

Guatemalan security forces on Monday broke up a caravan of some 4,000 Honduran migrants trying to reach the United States…

Someone from Costa Rica could now win $1.58 Billion!
Sponsored content
13 views
Sponsored content
13 views

Someone from Costa Rica could now win $1.58 Billion!

STEVEN HODEL - January 18, 2021

Someone from Costa Rica could now win $1.58 Billion in American Lottery Jackpots This Week! Mega Millions and Powerball jackpots…

Learning to surf in Costa Rica: 5 basic rules of surf etiquette
Surfing
867 views
Surfing
867 views

Learning to surf in Costa Rica: 5 basic rules of surf etiquette

Ashley Blaylock - January 18, 2021

If you are planning on learning how to surf in Costa Rica, you need to learn some of the basic…