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Bilateral agreement with Germany will foster investments

May 19, 2016 by Staff News Writer

The agreement to prevent double taxation between Costa Rica and Germany will help to improve businesses between the two countries and is expected to favor foreign investment.

The document details the procedure tax authorities must follow to exchange information and the treatment of taxes in each country.

The agreement follows the line established by the OECD, which governs the taxation of corporate profits and assets to promote a neutral tax environment between the two countries. The agreement is expected to enter into force by January next year.

crhoy.com

Related articles:

  1. President warns against flight of investments
  2. 2 percent have paid corporate tax
  3. Costa Rica to eliminate visa requirement for Colombia and Pacific Alliance
  4. Representatives approve FTA with Colombia
  5. Chancellor aims to “non-traditional” partnerships
  6. For each 100 colones levied by sales tax, 28 colones are evaded

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