14 November 2019 Costa Rica ratifies OECD Multilateral Instrument Taxpayers will have to carefully consider the impact of the MLI on existing and proposed transactions and structures. Through publication in Official Gazette 215 (November 12, 2019), Costa Rica enacted Law No. 9751, ratifying the Multilateral Instrument to Implement Tax Treaty Related Measures to Prevent BEPS (the MLI). The MLI will modify provisions of the existing Costa Rican double tax treaties that qualify as a Covered Tax Agreement (CTA) — treaties with Spain and Mexico. As of October 30, 2019, 90 countries had signed the MLI. Thirty-seven of those 90 countries have already submitted a ratified copy with the OECD. Costa Rica must submit the ratified copy of the MLI with the OECD.
Document ID: 2019-2036 | |||||||||||||||||||||||||
