close
Share with your friends

Costa Rica: Transfer pricing guidance

Costa Rica: Transfer pricing guidance

The tax authority in Costa Rica issued guidance concerning transfer pricing rules and specifically defining related parties and setting forth rules for residents of low-tax jurisdictions as well as transfer pricing return requirements for certain entities.

1000

Related content

Resolution N° 41818-H (Spanish), as published on the official gazette in late June 2019, is effective 1 July 2019 and addresses:

  • Related parties and residents in jurisdictions with income tax rates of 18% or lower or that do not have a tax information exchange agreement with Costa Rica
  • Transfer pricing return requirements for entities operating under a free trade zone system or that are identified as “large taxpayers” under the GETES (large territorial company) program and that engage in transactions (either domestic or cross-border) with related parties and that exceed certain threshold amounts

The regulation does not establish a deadline regarding the filing of the transfer pricing return.


Read a July 2019 report (Spanish and English) [PDF 123 KB] prepared by the KPMG member firm in Costa Rica

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal