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Costa Rica removed from EU's 'blacklist' of non-cooperative jurisdictions for tax purposes

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Costa Rica

  • Costa Rica was delisted from the European Union's Annex I (commonly referred to as the "blacklist"), following the approved reforms to the country's Income Tax Law that amended aspects of the foreign-source income exemption regime.
  • However, Costa Rica was included in Annex II, pending the implementation of the Global Forum recommendations regarding the automatic exchange of information in due time.…

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