The Costa Rican Tax Authority has issued guidance on the tax treatment of foreign exchange gain or loss in financial investment instruments under the Capital Gains Tax.This Alert summarizes the key provisions under the Institutional Criterion (guidance) and the scope of its authority.The Costa Rican Tax Authority issued Institutional Criterion N° DGT-CI-001-2022, regarding the tax treatment of the foreign exchange gain or loss in financial investment instruments under the Capital Gains Tax. The Institutional Criterion was issued on 21 November 2022 and recently published on the Ministry of Finance website. Tax treatment applicable under the Capital Gains Tax regarding financial...