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Costa Rica Tax Authority intends to scrutinize taxpayers claiming loss or zero profit on FY22 Corporate Income Tax returns

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Costa Rica

  • Taxpayers in Costa Rica who have reported losses or zero profits on recent Corporate Income Tax returns will likely be required to provide detailed information to the Tax Authority.
  • Due to a 2018 Constitutional Chamber of the Supreme Court decision, the names of companies that reported losses or zero profits in the last 10 years became public.
  • The Tax Authority may request audited financial statemen…

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