Costa Rica Ministry of Finance has published Resolution DGT-ICD-R-012-2021, which updates the country's beneficial ownership declaration requirements. One of the main changes is the addition of trusts within the scope of the declaration requirements. As such, trusts with activities in Costa Rica are now required to declare information on their beneficial owner with the ultimate beneficial ownership registry (Registro de Transparencia y Beneficiarios Finales), which includes any physical person that is a party to the trust such as a trustor, trustee, beneficiary, etc. For this purpose, trusts are required to obtain a corporate identification number before declaring beneficial ownership information....