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Costa Rican President partially vetoes law aimed at making reforms to achieve exclusion from EU list of non-cooperative jurisdictions in tax matters

20 September 2023

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Tax Alerts, Legislation & Policy, National/Federal Taxation

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Costa Rica

The President has partially vetoed a bill recently passed by Congress that amends the Income Tax Law to help remove Costa Rica from the European Union's (EU's) list of non-cooperative jurisdictions.Congress could override the veto, though it is not yet clear whether there are enough votes for an override.The EU is scheduled review whether to exclude or retain Costa Rica in Annex I of the List of non-cooperative jurisdictions in tax matters in October 2023.On 14 September 2023 the President of the Republic of Costa Rica announced the partial veto of Legislative Decree No. 10.381 (Bill No. 23.581), which aims...