OrbitaxOrbitax

Costa Rica Proposed Income Tax Reform Draft

|Proposed Changes|Costa Rica
Costa Rica

On 11 March 2015, the Costa Rican Ministry of Finance released a public discussion draft of proposed legislation including a number of changes to the country's Income Tax Law. Some of the proposed changes include:

  • Expansion of the tax base
  • Changing the standard tax year from the 12 month period ending 30 September to the calendar year ending 31 December
  • New thin capitalization rules
  • Strengthe…

Continue Reading