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securities

Tax Man Will Maintain 15% Withholding On Interest Earned By Foreigners

Tax Man Will Maintain 15% Withholding On Interest Earned By Foreigners

Q COSTA RICA – The Ministerio de Hacienda (Ministry of Finance) says it will maintain the 15% withholding on profits earned in the stock market by foreign investors. Helio Fallas, the Minister of Finance, informed the Superintendencia General de Valores (Sugeval) – Superintendency of Securities – that the Tributacion (Tax Department) is not accepting the […]

Transfers of $ 1,000 Or More In Or Out Out of Costa Rica Must Be Justified

Transfers of $ 1,000 Or More In Or Out Out of Costa Rica Must Be Justified

QCOSTARICA – Need to send or receive money overseas? Take note of the proposed changes in banking regulations, where all electronic transfers of US$1,000 or more will have to be justified by customers and registered by banks. Currently, this requirement only applies in cases in excess of US$10,000. Article 19bis of Ley 8204 of the […]