15 July 2016 Costa Rica establishes guidelines for monitoring Free Trade Zone companies Executive Decree No. 39698-H lays the groundwork for monitoring companies operating under the Free Trade Zone Regime for noncompliance and tax fraud. In Executive Decree No. 39698-H (the Decree), published July 4, 2016, the Costa Rican Ministry of Finance established guidelines for an annual "control plan," which tax authorities would use to monitor companies operating under the Free Trade Zone (FTZ) Regime for noncompliance and tax fraud. The Ministry of Finance would prepare each FTZ company's annual plan in the third quarter of each year and execute the plan during the following year. The Decree also permits tax authorities to prepare special plans for companies based on complaints, exceptional situations, recommendations from other competent authorities and identified risks.
Document ID: 2016-1233 | |||||||||||||||||||
