Tax Information Exchange between Costa Rica and Italy Applies

The Agreement with the Republic of Italy for the exchange of information on tax matters entered into force on June 17th.

Wednesday, August 21, 2019

The signing of this bilateral agreement took place in May 2016 and establishes the provisions through which the exchange of tax information between both jurisdictions will be regulated, while seeking to strengthen the international fight against tax evasion.

In this regard, on August 21, 2019, the Ministry of Finance informed that the ratification of this agreement was made in Digital Scope No. 71 to La Gaceta No. 62 of March 28, 2019, of Law No. 9664 and came into force on June 17.

"With its entry into force, Costa Rica has 16 agreements of this type, through which it reaffirms its commitment to the implementation of international standards on information exchange and fiscal transparency.

This bilateral agreement represents another instrument for administrative cooperation between Costa Rica and Italy, since both jurisdictions are part of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters of the Organization for Economic Cooperation and Development (OECD), from which our country can exchange information in any of the modalities included therein, upon request
," according to the statement of the Ministry of Finance.

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