Costa Rica removed from EU's 'blacklist' of non-cooperative jurisdictions for tax purposes

17 October 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation|Costa Rica

Costa Rica was delisted from the European Union's Annex I (commonly referred to as the "blacklist"), following the approved reforms to the country's Income Tax Law that amended aspects of the foreign-source income exemption regime.
However, Costa Rica was included in Annex II, pending the implementation of the Global Forum recommendations regarding the automatic exchange of information in due time.
Taxpayers, particularly financial entities, should monitor upcoming reforms that may be approved in …

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