Monday 1 March 2021

Costa Rica and Germany Agree to Eliminate Double Taxation

Carlos Lizano, charge d'affaires a.i. our Embassy in Germany, Ambassador designate of Costa Rica in Germany, Mr. Giancarlo Luconi Coen and Dr. Götz Schmidt-Bremme, Legal Director of Consular Affairs and the Federal Ministry of Foreign Affairs of Germany.
Carlos Lizano (L), charge d’affaires a.i.  Costa Rica Embassy in Germany, Ambassador designate of Costa Rica in Germany,Giancarlo Luconi Coen (C) and Dr. Götz Schmidt-Bremme (R), Legal Director of Consular Affairs and the Federal Ministry of Foreign Affairs of Germany. Photo from Foreign Ministry website.

From January 1, 2017 the agreement ratified between both parties to avoid double taxation of income and assets will come into effect.

From a statement issued by the Ministry of Foreign Affairs in Costa Rica:

- Advertisement -

On Wednesday August 10 at the headquarters of the Federal Ministry of Foreign Affairs in Germany, a ceremony was held to exchange instruments of ratification of the agreement between Costa Rica and Germany to avoid double taxation on income and on assets.

This important agreement has as its main purpose the provision of clear rules for both countries to eliminate double taxation situations which might arise as a result of the collection of taxes on income and capital. For domestic purposes, this international legal instrument is applicable to taxes on income, property and ownership of motor vehicles, boats and aircraft.

The agreement was reached after a long process of negotiation and study, our country signing the agreement inFebruary 2014, the Legislative Assembly approveing it in February this year.

According to the Foreign Ministry, the approval of this agreement is consistent with the actions and efforts undertaken by the Government of Costa Rica to substantially improve its standards at international level on fiscal transparency.

- Advertisement -

The agreement will enter into force on January 1, 2017.

- Advertisement -

We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Beware Of Shops Double Taxing: IVA + IVI

Be alert of retail stores of charing the Impuesto al Valor...

Costa Rica and Mexico Abolish Double Taxation

On March 21, Ley 9644, the income tax treaty with Mexico,...


50 years ago the San Carlos River was crossed by ferry and these were the rates

TODAY COSTA RICA - Before the Office of the Comptroller General (CGR), the rate agreed by the Municipality of the canton of San Carlos...

Legislative Assembly officially inaugurated new building amid protests and disorder

QCOSTARICA - Costa Rica's Legislative Assembly officially inaugurated its new building this Wednesday, February 24, 2021,  five months after the legislative branch of government...

Costa Rica received the largest batch of covid-19 vaccines on Tuesday: 92,430 doses

QCOSTARICA - A new batch of vaccines of 92,430 doses, and the largest received since December against covid-19, arrived Tuesday, as part of the...

Can you pay your bills by playing baccarat online?

Casino and baccarat is a term of love. Gambling is known to bring a lot of happiness provided your luck supports you, but how...

Banana growers achieved record exports in the year of the pandemic

QCOSTARICA - Costa Rica's banana growers reached an export record in 2020, despite the impact of the pandemic, shipping fruit in new markets and...

In a week, Costa Rica off and on the list of risk countries in Spain for covid-19

QCOSTARICA - Spain had excluded Costa Rica from the list of risk countries to enter by air for presenting a negative covid-19 test (RT-PCR,...

Passengers will be able to make purchases from their cell phone in stores at SJO

QCOSTARICA - Passengers passing through the Juan Santamaría International Airport, or San Jose airport (SJO), will have a more agile and secure shopping option...

Costa Rica, Chile and Brazil have administered the highest number of doses per capita to date.

QCOSTARICA - Widespread vaccination is the key to overcoming the COVID-19 pandemic and reinforcing the economic recovery in Latin America, Fitch Ratings said in...

Almost a million people over 58 must be vaccinated against covid-19

QCOSTARICA - Almost a million people aged 58 and over, throughout the country, are targeted by the Caja's health centers to be vaccinated against...


Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.