Regulation Requires Companies to Disclose Information

The decree submitted for public consultation by the General Directorate of Taxation of Costa Rica requires commercial companies to provide information about its members and the composition of its capital.

Thursday, January 22, 2015

There is currently a period of 10 working days for companies that do not agree with the draft decree to declare so and make comments. This measure aims to implement the standards of the Organisation for Economic Co-operation and Development (OECD).

Deloitte told that "... The decree introduces a number of obligations to supply information held by commercial companies, including details of its partners and composition of its share capital. "

Meanwhile, Carlos Vargas, Director General of Taxation, told that "... The measure sought to verify the payment of transfer tax and also comply with OECD standards. "

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