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Costa Rica: Ultimate beneficial owner registry; monthly VAT returns

Costa Rica: Ultimate beneficial owner registry; VAT

The KPMG member firm in Costa Rica prepared a report that briefly describes the following recent developments:


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  • Guidance (DGT-ICD-R-14-2019, 3 April 2019) concerns a transparency and ultimate beneficial owner registry. The resolution establishes information that must be provided by taxpayers and legal entities listed on the stock exchange or located abroad.
  • The monthly filing of the value added tax (VAT) return will begin to be mandatory in August 2019. Taxpayers will need to identify transactions subject to VAT.
  • The effective date of a single Central American declaration form (DUCA) has been extended to 7 May 2019.
  • An agreement between Costa Rica and Italy for the exchange of information in tax matters has been published by Costa Rica.

Read an April 2019 report (Spanish and English) [PDF 93 KB] prepared by the KPMG member firm in Costa Rica

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