• Common reporting standard and its automatic exchange
Article:

Common reporting standard and its automatic exchange

13 November 2017

Since January 2017, the obligation for Financial Institutions to implement internal procedures to identify account holders, exercise due diligence and identify types of tax resident accounts of approximately 94 countries entered into force in Costa Rica. All this information must be collected systematically to be delivered annually to the Competent Authority (Director General of Taxation) in the terms that it defines.

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