On 15 October 2014, the German Parliament approved the pending income and capital tax treaty with Costa Rica. The treaty, signed 13 February 2013, will be the first of its kind between the two countries. A tax treaty signed in 1993 never entered into force. Taxes Covered The treaty covers German income tax, corporation tax, trade tax and capital tax. It covers Costa Rican income tax, the tax on immovable property and the tax on vehicles, ships and aircraft. Withholding Tax Rates Dividends - 5% if the beneficial owner is company directly holding at least 20% of the paying company's...