Expenses related to operations, transactions or entities domiciled in those jurisdictions are generally not deductible. Taxpayers that carry out operations and transactions in those jurisdictions must record them appropriately to determine the deductibility of related expenses.
On 6 February 2019, Costa Rica’s tax authorities published in the Official Gazette an updated list of non-cooperative jurisdictions. The tax authorities removed the following jurisdictions from the list: US Virgin Islands,…