On Monday, President Luis Guillermo Solís signed the law to improve the fight against tax fraud, which was legislatively approved last week.
This law received 45 votes in favor and 5 against from the legislators.
We are celebrating. We have been fighting for this for 2 and a half years and we had the support from the first moment,”
said Helio Fallas, Vice President of the Republic and Minister of Finance.
The main change in the fight against tax fraud introduced by the law is the creation of a centralized record of shareholders and beneficial owners of corporations that will be in the Central Bank of Costa Rica.
The Ministry of Finance may have access to this database to investigate suspicions of tax fraud in companies, as well as the Costa Rican Institute on Drugs (ICD) to conduct investigations related to drug trafficking and the legitimation of capital.