On 27 August 2015, Costa Rica's Legislative Assembly approved the pending income and capital tax treaty with Germany. The treaty, signed 13 February 2013, will be the first of its kind between the two countries, although a tax treaty had been signed in 1993, but was not ratified. Taxes Covered The treaty covers Costa Rican income tax, the tax on immovable property and the tax on vehicles, ships and aircraft. It covers German income tax, corporation tax, trade tax and capital tax. Withholding Tax Rates Dividends - 5% if the beneficial owner is company directly holding at least 20% of...