Costa Rica leads Central America in international tax assistance

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2026

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Costa Rica leads Central America in international tax assistance

costa-rica.jpg

Costa Rica has become the first Central American country to sign the Convention on Mutual Administrative Assistance in Tax Matters.

The multilateral agreement was developed jointly by the Council of Europe and the OECD. Last week India ratified the convention.

The convention provides governments with a tool for strengthening international tax cooperation in the fight against offshore tax evasion and avoidance. It provides a multilateral basis for a wide variety of administrative assistance, including information exchange on request, automatic exchange of information, simultaneous tax examinations and assistance in tax collection.

Costa Rica’s Vice Minister of Finance, Rowland Espinosa, signed the convention in Brasilia while participating in the meeting of the Peer Review Group of the Global Forum on Transparency and Exchange of Information for Tax Purposes.

"Costa Rica's signing of the Convention demonstrates our firm commitment to tax transparency and the international standards for exchange of information. Costa Rica still has important work to do to implement the standards, and we view today's signing as an important step towards this goal", said Espinosa.

more across site & shared bottom lb ros

More from across our site

After years of onerous pillar two prep, businesses will be galled in seeing tax revenues outweighed by compliance costs
Tax advisers should revisit India secondment arrangements after the EY US ruling strengthened the Centrica precedent and raised fresh withholding concerns
Despite the shortfall, effective tax rates of multinationals have seen a ‘statistically significant rise’
After joining Milbank from Akin Gump, the fund tax specialist discusses sponsor demand, practice building, and the tax challenges facing asset managers
Partner payouts could also be reduced by a fifth, it has been reported
There is no logical reason not to extend an exemption from EU CFC rules to multinationals headquartered in side-by-side jurisdictions, USCIB said
While rarely the sole driver of a combination, tax is becoming an increasingly important part of firms' efforts to keep up with client expectations
New research, which suggests LLMs can silently corrupt complex documents, should alert tax and legal teams relying on AI to handle iterative drafting and compliance workflows
Maintaining increased funding for HMRC is a ‘high possibility’ if he becomes PM, ITR has also heard
Awards
ITR is delighted to reveal all the shortlisted nominees for the 2026 Europe Tax Awards
Gift this article