Country reaches tax agreement with Germany

Costa Rica and Germany have signed an agreement that is designed to prevent double taxation. The agreement needs to be ratified in Germany and here, said the Ministerio de Hacienda. The agreement also is designed to provide better security for investors, the ministry said.

Costa Rica negotiated a similar agreement with Spain in 2004, and it went into effect in 2011.

The agreement was signed by Edgar Ayales, minister de Hacienda, and Ernst Martens, German ambassador.

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