On 24 March 2021, the Costa Rican Ministry of Finance released a Resolution No. DGT-R-14-2021, providing new guidelines on advance pricing agreements (APAs). The resolution provides the details guidelines of APAs procedures including definitions and competent authority for APAs; documentation requirements for related-party transactions; a processing time of six months, with a potential six-month extension; an APA validity period of five fiscal years;  the procedure for new applications, renewals, and modifications of existing APAs; a requirement to submit annual reports by the last business day of the third month after the end of the relevant fiscal period;  confidentiality provisions; and  grounds for the cancellation of APAs.