{"id":46395,"date":"2026-09-25T15:36:47","date_gmt":"2026-09-25T21:36:47","guid":{"rendered":"https:\/\/garciabodan.com\/?p=46395"},"modified":"2026-09-28T11:07:47","modified_gmt":"2026-09-28T17:07:47","slug":"new-crs-supervision-criteria-what-should-reporting-entities-in-costa-rica-review","status":"publish","type":"post","link":"https:\/\/garciabodan.com\/en\/new-crs-supervision-criteria-what-should-reporting-entities-in-costa-rica-review\/","title":{"rendered":"New CRS supervision criteria: What should reporting entities in Costa Rica review?"},"content":{"rendered":"<p>The General Directorate of Taxation has issued a resolution establishing the <strong>objective selection and risk criteria<\/strong> that will be used to supervise compliance with the <strong>Common Reporting Standard<\/strong> (CRS), the global system created by the OECD for the automatic exchange of financial information among countries in order to prevent tax evasion.<\/p>\r\n<p>The resolution <strong>does not create new reporting obligations.<\/strong><\/p>\r\n<p>Instead, it defines the parameters that the tax administration will use to select entities that will be subject to supervision, verification, and monitoring of CRS compliance.<\/p>\r\n<p>In other words, there is now greater clarity regarding the factors that may increase the likelihood of a review.<\/p>\r\n<p>&nbsp;<\/p>\r\n<h2><span style=\"color: #2263aa;\">Which entities could be selected for supervision?<\/span><\/h2>\r\n<p>The tax administration may prioritize, among others, entities that:<\/p>\r\n<ul>\r\n\t<li>Report a high volume of accounts or jurisdictions.<\/li>\r\n\t<li>Fail to submit the CRS report or the Nil Report.<\/li>\r\n\t<li>Have inconsistencies identified by other jurisdictions.<\/li>\r\n\t<li>Record an increase in undocumented accounts.<\/li>\r\n\t<li>Significantly reduce the number of reported accounts compared to the previous period.<\/li>\r\n\t<li>Have recurring errors in information such as the TIN or date of birth.<\/li>\r\n\t<li>Have failed to comply with reporting obligations or have been previously sanctioned.<\/li>\r\n<\/ul>\r\n<p>&nbsp;<\/p>\r\n<h2><span style=\"color: #2263aa;\">What factors increase the risk of supervision?<\/span><\/h2>\r\n<p>The tax administration will assess factors such as:<\/p>\r\n<ul>\r\n\t<li>Late submission of the report.<\/li>\r\n\t<li>Incorrect or incomplete information.<\/li>\r\n\t<li>Deficiencies in due diligence processes.<\/li>\r\n\t<li>Failure to obtain self-certifications.<\/li>\r\n\t<li>Failure to retain supporting documentation.<\/li>\r\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>The General Directorate of Taxation has issued a resolution establishing&#8230;<\/p>\n","protected":false},"author":3,"featured_media":46402,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[229],"tags":[288,361,283],"class_list":["post-46395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-costa-rica","tag-criteria","tag-tax"],"acf":[],"_links":{"self":[{"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/posts\/46395","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/comments?post=46395"}],"version-history":[{"count":3,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/posts\/46395\/revisions"}],"predecessor-version":[{"id":46412,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/posts\/46395\/revisions\/46412"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/media\/46402"}],"wp:attachment":[{"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/media?parent=46395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/categories?post=46395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/tags?post=46395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}