Costa Rica: A discussion draft published for comments on Transfer pricing documentation guidelines

December 14, 2016

The Costa Rican Ministry of Finance published a discussion draft on 12 December 2016 on a resolution regarding guidelines on transfer pricing documentation. The requirements under the guideline set out the operations of companies within the economic

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Costa Rica and Ecuador: TIEA enters into force

December 12, 2016

On 17 September 2016, the tax information exchange agreement (TIEA) between Costa Rica and Ecuador entered into force, which requires the parties to exchange information that is relevant for the determination, assessment, collection and execution

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Costa Rica: Resolution on transfer pricing return procedure entered into force

November 10, 2016

Costa Rican tax authority has Gazetted the resolution N ° DGT-R-44-2016 on September 13, 2016 that regulates the transfer pricing return in Costa Rica entered in force. With the publication of resolution N ° DGT-R-44-2016, technical and practical

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Costa Rica: Tax authority finalize transfer pricing return procedures

September 20, 2016

Costa Rica has published a resolution in the official gazette to finalize the rules concerning the filing of an annual transfer pricing return for taxpayers qualifying as “large taxpayers” or as “national large companies” or operating under

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Costa Rica: Tax authority released draft rules for annual transfer pricing return

June 12, 2016

The Costa Rican tax authority released a draft rules on 6 June 2016 for taxpayers to apply and follow in filing an annual transfer pricing return. The draft resolution includes a penalty for taxpayers that fail to file a transfer pricing return,

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Costa Rica Introduces arm’s length price principle

August 15, 2015

The Bill No. 19,679 dated 12 August 2015 was submitted to the Legislative Assembly to introduce the arm's length principle to further develop the transfer pricing rules via regulations. The Bill No. 19,679 dated 12 August 2015 was submitted to the

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IMF reports on Costa Rican economy

February 05, 2015

The IMF has concluded its discussions with Costa Rica under Article IV and issued a report on 4 February 2015. Costa Rica currently has problems of weak growth and rising unemployment. The IMF is recommending budget consolidation to improve the

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Free trade agreement between EFTA and Central American states set to enter into force

August 14, 2014

The free trade agreement between EFTA states (European Free Trade Association) - Iceland, Liechtenstein, Norway and Switzerland and the Central American States of Panama and Costa Rica was signed on 24 June 2013 and this agreement will become

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Colombia: FTA with Colombia Passes Parliamentary Hurdle

March 16, 2014

Costa Rica's legislature approved a free trade agreement (FTA) with Colombia at its first reading on March 3, 2014. The FTA, which was initialed by both countries on May 23, 2013, is considered an important step to Costa Rica joining the Pacific

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Costa Rica completes ratification of the TIEAs with Nordic countries

March 09, 2014

Through a publication in the Official Gazette, bilateral Tax Information Exchange Agreements (TIEAs) with Denmark, Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden entered into force for Costa Rica, on 29 January 2014. These TIEAs were

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Germany and Costa Rica signed a DTA

February 23, 2014

Costa Rica has signed an agreement for the avoidance of double taxation with Germany. The agreement aims to eliminate situations of conflicting double taxation between the two jurisdictions to provide greater legal certainty for investors in making

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Germany and Costa Rica sign a double tax agreement

February 19, 2014

On February 13, 2014, the Costa Rican government announced that it has signed an agreement for the avoidance of double taxation on income and capital with Germany. The agreement aims to eliminate situations of conflicting double taxation between the

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TIEA between Costa Rica and Iceland published in gazette

January 30, 2014

The Costa Rica – Iceland TIEA, 2011 (Law No 9196) was published in the Official Gazette (Gaceta Digital de la Imprenta Nacional) No. 20 of Costa Rica on 29 January 2014. This completes the ratification process on the side of Costa

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Exchange of information agreement between Costa Rica and Norway approved by Costa Rican Congress

November 06, 2013

On 21 October 2013 the Costa Rican Congress approved on first debate the Costa Rica - Norway Exchange of Information Agreement (2011).  When it enters into force the agreement will enable increased cooperation between the tax authorities of Costa

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Costa Rican Congress approves “Exchange of Information Agreement” with Finland

November 06, 2013

On 21 October 2013, the Costa Rican Congress approved on first debate the Costa Rica and Finland Exchange of Information Agreement (2011). The Agreement is concerned with greater cooperation in the exchange of tax information between the two

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Switzerland: Signed FTA with Bosnia-Herzegovina, Costa Rica, Panama

October 07, 2013

According to reports, the government of Switzerland and of the governments of Bosnia-Herzegovina, Costa Rica, and Panama signed free trade agreements earlier in 2013 and it has been published on September 27 of 2013. The

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TIEA between Canada and Costa Rica entered into force

August 23, 2012

The tax information exchange agreement (TIEA) signed between Canada and Costa Rica on August 11, 2011, entered into force on August 14, 2012, the Canadian Ministry of Finance confirmed on August 20,

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Argentina: TIEAs signed with Andorra, the Bahamas, Costa Rica and San Marino

June 13, 2012

On June 12, 2012, according to media reports, Cristina Fernandez de Kirchner, the Argentinian President, ratified the tax information exchange agreements (TIEAs) that Argentina has signed with Andorra, the Bahamas, Costa Rica and San

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