Costa Rica's Legislative Assembly is considering Bill 22166, which was presented on 24 August 2020 and provides for the introduction of a worldwide income tax system that is meant to address tax avoidance issues. Costa Rica currently applies a territorial system whereby corporate tax is due only on income sourced from Cost Rica. The worldwide tax basis would apply for income of individuals, companies, and other entities that are domiciled in Costa Rica and carry out activities generating profits from Costa Rican and foreign sources, including income arising from services rendered, goods located, or capital used in Costa Rica or...