The Superintendence of Tax Administration will create an international audit department, which will start operations in March.
Rudy Villeda, Superintendent of Tax Administration, told Prensalibre.com, "The idea is to have more information from multinationals with related companies abroad, as they sometimes affirm they declare taxes in other jurisdictions and that must be verified".
The project is supported by the U.S. Treasury Office and the German Cooperation Agency.
Along with 31 other countries Costa Rica has signed an international agreement that supports the automatic exchange of information on multinational companies.
From a press release issued by the OECD:
27/01/16-As part of continuing efforts to boost transparency by multinational enterprises (MNEs), 31 countries signed today the Multilateral Competent Authority Agreement (MCAA) for the automatic exchange of Country-by-Country reports. The signing ceremony marks an important milestone towards implementation of the OECD/G20 BEPS Project and a significant increase in cross-border cooperation on tax matters.
The Organization for Economic Cooperation and Development wants to prevent schemes that allow using different jurisdictions in order to avoid paying tax where the activity is being carried out.
An article in DF.cl reports that "The Organization for Economic Cooperation and Development (OECD) has prepared a report, commissioned by the G20, which will be presented in early February to launch changes in international tax regulations that prevent multinationals from exploiting loopholes in order to pay very little tax by declaring profits in tax havens. "
The Tax Authority has started a campaign to control trade in general.
The Superintendency of Tax Administration (SAT) is launching the Massive Fiscal Presence plan to verify tax obligations, under which 200 auditors will make visits to various production facilities. The aim is to check that these are complying with their tax obligations.
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