Costa Rica: Automatic exchange of information for sellers on digital platforms
Digital platform operators must implement the provisions and due diligence procedures starting January 1, 2025.
The Ministry of Finance on November 6, 2024, published a resolution—MH-DGT-RES-0025-2024—that establishes a framework for the automatic exchange of information about sellers operating on digital platforms, aiming to regulate how platform operators collect and report income information for sellers offering services such as accommodation and transportation.
Digital platform operators are required to follow specific procedures so that accurate information is submitted within established deadlines. They must report information about sellers by January 31 of the year following their identification as reportable subjects, with payment information reported quarterly. Additionally, operators must collect specific data from sellers renting real estate, including tax identification and property details, and submit annual information by April 30 of the following year using the Financial Information Exchange System (SIIF). If no information is available to report, operators must submit an affidavit.
Sellers must comply with the rules established by the operators. Operators failing to submit reports may face fines based on their income. While there is no specific registry for these operators, exclusions can be requested if certain criteria are met.
As a transitional provision, digital platform operators must implement the provisions and due diligence procedures starting January 1, 2025, with the first report due by April 30, 2026.
Read a November 2024 report (Spanish and English) prepared by the KPMG member firm in Costa Rica