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12 July 2023 Costa Rica Tax Authority announces 31 July deadline for receipt of CRS and FATCA financial account reports The Costa Rica Tax Authority has announced on the Ministry of Finance website that 31 July 2023 is the deadline for financial entities subject to reporting to report financial accounts under de Common Reporting Standard (CRS) of the Organisation for Economic Co-operation and Development and the United States Foreign Account Tax Compliance Act (FATCA) for the fiscal period 2022. The receipt of financial information for CRS and FATCA purposes, obtained as part of the due diligence performed by the financial entities subject to reporting, is part of Costa Rica's commitment to the exchange of tax information and fiscal transparency. Regarding the Automatic Exchange of financial information under the CRS, according to the information from the Ministry of Finance updated to October 2022, Costa Rica hast 76 exchange relationships activated for the purpose of exchanging information related to the reporting period 2022. The list can be consulted in the following link (available only in Spanish).
Document ID: 2023-1222 |