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November 14, 2019
Costa Rica ratifies OECD Multilateral Instrument
Through publication in Official Gazette 215 (12 November 2019), Costa Rica enacted Law No. 9751, ratifying the Multilateral Instrument to Implement Tax Treaty Related Measures to Prevent BEPS (the MLI). The MLI will modify provisions of the existing Costa Rican double tax treaties that qualify as a Covered Tax Agreement (CTA) – treaties with Spain and Mexico.
As of 30 October 2019, 90 countries had signed the MLI. Of those 90 countries, 37 have already submitted a ratified copy with the Organisation for Economic Co-operation and Development (OECD). Costa Rica must submit the ratified copy of the MLI with the OECD.
For additional information with respect to this Alert, please contact the following:
Ernst & Young, S.A., San José, Costa Rica
Ernst & Young LLP (United States), Latin American Business Center, New York
Ernst & Young LLP (United Kingdom), Latin American Business Center, London
Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific