The Organization for Economic Cooperation and Development (OECD) published new administrative guidance to facilitate the implementation of the 15% Global Minimum Tax (Pillar Two), with the aim of promoting uniform application of these rules and reducing compliance burdens for multinational groups.
The update incorporates common criteria that aim to simplify reporting processes and provide greater legal certainty to jurisdictions already applying this regime, strengthening coordination among participating tax administrations.
Although Costa Rica has not yet adopted these provisions into its domestic legislation, companies that are part of multinational groups with operations in countries that do apply them could be impacted by new compliance and reporting obligations.
This development confirms that international taxation continues to evolve towards higher standards of transparency and coordination between jurisdictions, making it advisable for companies with an international presence to monitor these changes.
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.