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

New hires from rivals are reportedly being axed from the firm, following a steep decline in profits
Following Richard Houston’s switch to the newly formed Deloitte EMEA, Graves has the opportunity to bring Deloitte’s tax practice up to speed with its rivals
Firms announced tax hires and promotions across Europe and the US, while fresh figures from Ireland showed corporation tax receipts edging down in the first quarter
The country has overseen better audit procedures and demonstrated commitment to acting as a 'regional leader' on international tax matters, the OECD said
Barrister Setu Kamal and policy guru Dan Neidle have clashed over the former’s legal action against Google, described as ‘bonkers’ by Neidle
Authors from Khaitan & Co evaluate the recent CBDT notification, whereby legacy investments made by investors continue to be exempt from the applicability of GAAR
Dual-qualified corporate tax specialist Christoph Schimmer joins the firm after stints at Deloitte, Cerha Hempel and DLA Piper
Geopolitical rivalry is reshaping global tax cooperation, as the OECD’s minimum tax framework fragments and the EU grapples with the ensuing legal fallout
LED Taxand’s partner tells ITR about entrepreneurial inspirations, the importance of people skills, and what makes tax cool
Shiny new offices like Ryan’s in London Bridge aren’t just a cost – they signal that a firm is willing to align with its clients’ interests
Gift this article