Costa Rica has reached a staff level agreement on economic and structural policies and reforms that would underpin a three-year arrangement under the extended fund facility, which includes certain tax reforms. The key tax reform is the introduction of a worldwide income tax system that would replace Costa Rica's current territorial system under which corporate tax is due only on income sourced from Cost Rica. A draft bill was previously introduced in September 2020, providing that the worldwide tax basis would apply for income of individuals, companies, and other entities that are domiciled in Costa Rica and carry out activities...