Costa Rica Moves to Track Business Payments Made by SINPE Móvil

Costa Rica's tax authority is stepping up efforts to ensure businesses and freelancers using SINPE Móvil for payments are reporting their income accurately. The Finance Ministry has initiated a public consultation on a draft reform to mandate taxpayers to report phone numbers linked to their SINPE Móvil transactions. This move aims to close loopholes and ensure compliance with tax regulations, potentially impacting the broader economy by promoting transparency and fair taxation. The initiative underscores a broader governmental push towards digital accountability in financial transactions.