{"id":36264,"date":"2025-04-01T00:00:50","date_gmt":"2025-04-01T06:00:50","guid":{"rendered":"https:\/\/garciabodan.com\/?p=36264"},"modified":"2025-09-05T10:06:24","modified_gmt":"2025-09-05T16:06:24","slug":"costa-rica-removed-from-the-eu-grey-list-implications-for-the-business-sector","status":"publish","type":"post","link":"https:\/\/garciabodan.com\/en\/costa-rica-removed-from-the-eu-grey-list-implications-for-the-business-sector\/","title":{"rendered":"Costa Rica removed from the EU grey list: implications for the business sector"},"content":{"rendered":"

The Council of the European Union announced the removal of Costa Rica from Annex II of the List of Non-Cooperative Jurisdictions for Tax Purposes, commonly known as the “grey list.” <\/span>Since 2022, the country had been on this list due to concerns regarding its compliance with fiscal transparency and information exchange standards.<\/span>\u00a0<\/span><\/p>\r\n

The decision was made during the Economic and Financial Affairs Council meeting, the body responsible for evaluating compliance with fiscal standards and international cooperation.<\/span>\u00a0<\/span><\/p>\r\n

Key reforms that led to Costa Rica\u2019s removal<\/span><\/b>\u00a0<\/span><\/p>\r\n

The country has implemented several measures to strengthen its regulatory framework and ensure adequate cooperation with international organizations. Notable initiatives include:<\/span>\u00a0<\/span><\/p>\r\n

    \r\n\t
  1. The implementation of Law No. 10.381 on passive income from foreign sources,<\/strong> addressing concerns related to international taxation.<\/span>\u00a0<\/span><\/li>\r\n\t
  2. Strengthening the regulatory framework for fiscal transparency and international cooperation,<\/strong> promoting greater openness in information exchange with other jurisdictions.<\/span>\u00a0<\/span><\/li>\r\n\t
  3. Compliance with the recommendations of the Global Forum on Transparency and Exchange of Information for Tax Purposes,<\/strong> ensuring the adoption of best practices in fiscal management.<\/span>\u00a0<\/span><\/li>\r\n<\/ol>\r\n

    Benefits for the Costa Rican business sector<\/span><\/b>\u00a0<\/span><\/p>\r\n

    Costa Rica’s removal from the EU grey list is a positive development for the business sector, as it brings several strategic benefits:<\/span>\u00a0<\/span><\/p>\r\n

      \r\n\t
    • Greater access to international financing:<\/span><\/b> By improving the country’s risk perception, Costa Rican businesses may gain access to better credit conditions and financing options in European markets.<\/span>\u00a0<\/span><\/li>\r\n<\/ul>\r\n
        \r\n\t
      • Reduction in operational costs:<\/span><\/b> Financial transactions and operations with Europe will become more efficient and less expensive, avoiding restrictions that previously affected competitiveness.<\/span>\u00a0<\/span><\/li>\r\n\t
      • Greater tax stability:<\/span><\/b> Alignment with international standards provides businesses with greater legal certainty, facilitating long-term financial and tax planning.<\/span>\u00a0<\/span><\/li>\r\n<\/ul>","protected":false},"excerpt":{"rendered":"

        The Council of the European Union announced the removal of…<\/p>\n","protected":false},"author":10,"featured_media":42678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[226,229],"tags":[],"class_list":["post-36264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alert","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/posts\/36264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/comments?post=36264"}],"version-history":[{"count":2,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/posts\/36264\/revisions"}],"predecessor-version":[{"id":42677,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/posts\/36264\/revisions\/42677"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/media\/42678"}],"wp:attachment":[{"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/media?parent=36264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/categories?post=36264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/tags?post=36264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}