Spanish tax agency and Costa rican banking

[armdom64]

Hello folks,

Does anyone know if the Spanish government or Spanish tax agency can access or has any jurisdiction over bank account deposits in Costa Rica? Additionally, do Costa Rican banks (or other banks in central America ) share data with the IRS? Any insight or personal experiences would be appreciated.
I'm a Costa Rican, with tax residency in Spain.

Thanks!

 

[Sols]

Costa Rica is a signatory to both FATCA and CRS, which means that information about your bank account is shared with Spain and would ”” if you have a connection to the US ”” also be shared with the IRS.

Spain cannot instruct Costa Rica to close a bank account. In case of serious crimes or if you're a high profile target, a country may try to influence another country to take action.

IIRC, Costa Rica was unable to comply with CRS for the first few years due to some laws that still had to be changed.

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This is the probably the answer to your question.

 

[jafo]

armdom64 said:
Does anyone know if the Spanish government or Spanish tax agency can access or has any jurisdiction over bank account deposits in Costa Rica?
Click to expand...

Well, how would they know to do this? 🙄