COSTA Rica has signed the OECD Convention on
Mutual Administrative Assistance in Tax Matters. Costa Rica is the first Central
American country to sign the Convention.
Costa Rica’s Vice Minister of Finance, Rowland
Espinosa, signed the Convention in Brasilia while participating in the meeting
of the Peer Review Group of the Global Forum on Transparency and Exchange of
Information for Tax Purposes. "Costa Rica's signing of the Convention
demonstrates our firm commitment to tax transparency and the international
standards for exchange of information. Costa Rica still has important work to do
to implement the standards, and we view today's signing as an important step
towards this goal", said Vice Minister Espinosa.
The Convention on Mutual Administrative Assistance
in Tax Matters provides governments with a valuable tool for strengthening
international tax co-operation in the fight against offshore tax evasion and
avoidance. It provides a multilateral basis for a wide variety of administrative
assistance, including information exchange on request, automatic exchange of
information, simultaneous tax examinations and assistance in tax collection.
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