International Tax Review is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023

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

Costa Rica leads Central America in international tax assistance


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 & bottom lb ros

More from across our site

The carbon border tax regime will come into play in 2026 but its reporting requirements are now in force.
Disputes around pillar two filings are set to be significant and longwinded, according to a tax director speaking at an ITR conference in London.
PwC publishes detailed accounts of its behaviour in the tax scandal in Australia, while another tax trial looms for pop star Shakira.
The winners of the ITR Europe, Middle East, and Africa Tax Awards 2023 have been announced!
The winners of the ITR Asia-Pacific Tax Awards 2023 have been announced!
Mauro Faggion appeared cautiously optimistic as the European Commission waits to see whether all 27 member states will accept its proposal.
The global minimum rate also won’t entirely stop a race to the bottom, according to a tax director speaking at an ITR conference in London.
The country’s tax authorities are not interested in seeing transfer pricing studies any more, it was claimed at an ITR industry conference in London.
The controversial measure is being watered down after criticism from the European Central Bank.
More than 600 such requests were made in 2022, while HMRC has also bolstered its fraud service, it has been revealed.