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.Taxpayers, particularly financial entities, should monitor upcoming reforms that may be approved in this area.On 17 October 2023, the Council of the European Union (EU) adopted the conclusions on the revised EU list of non-cooperative jurisdictions for tax purposes and decided to...