The Directorate General of Taxation issued the Resolution No. MH-DGT-RES-0021-2026, by which it establishes the objective selection criteria and risk criteria that it will use during 2026 to carry out processes of supervision, verification, and monitoring of compliance with the Common Reporting Standard (CRS).
Aspects that may trigger supervision include the omission of CRS reporting or “Nil Reporting,” inconsistencies detected in reported information, increases in undocumented accounts, significant reductions in the number of reported accounts, and deficiencies in the due diligence processes applied by obligated entities.
The resolution seeks to strengthen the quality and reliability of the information that Costa Rica exchanges with other jurisdictions, in compliance with the commitments assumed before the Organization for Economic Co-operation and Development (OECD). In this context, it is advisable that the entities subject to reporting review their internal processes and verify the adequate fulfillment of their obligations under the CRS.
This has been a news service prepared by ICS. For more information about the report, write to info@ics.cr or call 2519-9992. ICS, tax specialists.