On 11 March 2015, the Costa Rican Ministry of Finance released a public discussion draft of proposed legislation including a number of changes to the country's Income Tax Law. Some of the proposed changes include:
- Expansion of the tax base
- Changing the standard tax year from the 12 month period ending 30 September to the calendar year ending 31 December
- New thin capitalization rules
- Strengthened transfer pricing rules
- New capital gains tax at a standard rate of 15%
- New rules concerning corp…