Costa Rica joins OECD-developed Convention on tax matters By TII News Service
Apr 09, 2013 , Paris
COSTA Rica has deposited its
instrument of ratification of the Convention on Mutual Administrative
Assistance in Tax Matters, the most comprehensive multilateral agreement
available for tax-cooperation and exchange of information. The Convention
was developed jointly by the OECD and the Council of Europe, and has been open
to all countries since 1 June 2011. It helps counter cross-border tax evasion
and ensures compliance with national tax laws, while respecting the rights of
taxpayers. G20 Leaders strongly encouraged all jurisdictions to sign the Convention
at their Los Cabos Summit in 2012.
Costa Rica is strengthening its engagement with the OECD including in the area
of taxation. “Costa Rica continues to make good progress in transparency and
exchange of information”, said OECD Secretary General, Angel Gurría. “Ratifying
the Multilateral Convention represents another important step forward. I congratulate
Costa Rica for being the first country in Central America to ratify it and I
hope other countries in the region will follow their lead”.
