Tax Convention Costa Rica - Mexico

In Costa Rica an agreement with the United Mexican States on the Exchange of Information in Tax Matters is in force.

Wednesday, May 30, 2012

From la Gaceta 101 of 25 May 2012:


The competent authorities of the Contracting Parties will provide assistance through exchange of information that is foreseeably relevant to the administration and enforcement of domestic law with respect to taxes or tariffs covered by this Agreement. The information will include such things as is foreseeably relevant to the determination, assessment and collection of such tax or tariffs, for the collection and enforcement of tax claims or investigation or prosecution of tax matters.

The information will be exchanged in accordance with the provisions of this Agreement and will be confidential as provided for in Article 9. The rights and safeguards secured to persons by the laws or administrative practice of the Requested Party shall continue to apply provided they do not unduly prevent or delay effective exchange of information.

More on this topic

Exchange of Tax Information Panama - Uruguay

May 2018

In addition to the agreement that will allow the exchange of financial and tax information, both countries decided to remove each of them from the lists of nations that do not promote transparency.

From a statement issued by the Ministry of Economy and Finance in Panama:

Colombia and Panama Announce Tax Information Agreement

April 2016

The treaty to avoid double taxation will come into force in 2018 and includes a clause for exchanging tax information upon request, in accordance with OECD standards.

Ending a story that began two years ago when Colombia suggested including Panama on its list of tax havens, the government has finalised negotiations and announced that the treaty to avoid double taxation will be signed by presidents Santos and Varela in June this year and will take effect automatically in 2018.

Costa Rica Signs Tax Convention with OECD

March 2012

Adherence to the Multilateral Agreement involves sharing tax information with 23 countries, allowing advances to be made in international transparency policies and the fight against tax evasion.

A statement from the Finance Ministry reads:


End of Banking Secrecy in Tax Matters?

April 2009

Costa Rica will make modifications in its legal system to avoid the penalties proposed by the G20 for countries that do not exchange information on taxes.

Finance Minister Guillermo Zúñiga agreed that the issue of transparency in tax matters and the international exchange of tax information, although it was raised for years, was recently priorized due to the recent decision by the G20 to recommend sanctions against countries that do not cooperate in this regard.

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