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Double tax relief – eliminated

10 February 2013

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Approved Changes

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Costa Rica

On 29 November 2012, the Legislative Assembly approved Bill No. 18,602 which eliminates Art. 61 of the Income Tax Law. Under this provision the tax administration could grant a partial or total tax exemption, provided domestic taxes were not creditable, or only partially creditable, in other jurisdictions. Bill No. 18,602 will enter into force once published in the Official Gazette.