Monday, 30 November 2020

Decree Requires Companies to Disclose Information Shareholder and Financial Information

Carlos Vargas, director general of taxation. Photo: La Nacion
Carlos Vargas, director general of taxation. Photo: La Nacion

QCOSTARICA – The decree submitted for public consultation by the Dirección General de Tributación de Costa Rica (Directorate of Taxation) requires companies (Sociedades Anonimas or S.A.’s) to provide information about its partners, shareholders and the make up of its capital.

Companies that do not agree with the draft decree have 10 working days to file comments and objections. This measure aims to implement the standards of the Organisation for Economic Co-operation and Development (OECD).

- Advertisement -

Deloitte told that “… The decree introduces a number of obligations to provide information by companies, including details of its partners and composition of its share capital.”

Last February, the Directorate drew criticism when it filed for consultation a resolution which requires every company to provide information of their shareholders. The objection was over making a major change administratively.

Carlos Vargas, Director General of Taxation, told that “… The measure sought to verify the payment of transfer tax and also comply with OECD standards.”

Source: La Nacion

- Advertisement -

- Advertisement -
"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

Ghost lodging: the new way to scam families on vacation

QCOSTARICA - If it seems better than expected, the ads for...

Government makes clear its disinterest in regulating Uber

QCOSTARICA - The government of Carlos Alvarado has no intention of...


Limonal and Cañas expansion six months behind schedule

QCOSTARICA - The 21 km extension, better yet, expansion, of the Interamericana Norte highway between Limonal and Cañas should be delivered, if no further...

San Carlos, Heredia, Cartago and Desamparados Have More Voices against Domestic Violence

QCOSTARICA - Thanks to the program Hacete Escuchar (“Make Yourself Heard”) developed by the U.S. Embassy San Jose’s Bureau of International Narcotics and Law...

Covid-19 snatched parents from renowned CCSS surgeon

QCOSTARICA  - His heart thumped every time he reached the basement of the hospital and pressed the button for the elevator that would take him...

Mexico received a request for the sanitary registration of the vaccine from BioNtech / Pfizer

Q24N - The alliance of Germany's BioTech, which developed the vaccine against COVID-19, and the Pfizer consortium have delivered documents to the Commission for...

Covid-19 in Costa Rica: 12 deaths and 1,330 new cases for Wednesday

QCOSTARICA - For Wednesday, November 25, 2020, the Ministry of Health reported 1,330 new cases of covid-19 in Costa Rica, raising the accumulated of...

Woman charged clients ¢35,000 for having sex with young women

QCOSTARICA - A woman, surnamed Castillo Castro, allegedly charged male clients ¢35,000 for having sex with young women between 18 and 24 years old...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.

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.