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Does any one have information about these interests rates? See attached link from the Tico Times
Can “Gringos” invest?
Does anyone know how interest income will be taxed in CR?Rates offered by Costa Rican banks on CDs expressed in colones are much higher than rates on CDs expressed in dollars whether those rates are offered by Costa Rican or U.S. banks. Yes, that interest is taxable income in Costa Rica and in the U.S. if you are subject to U.S. taxation under the IRS Code.
CDs issued by public banks in Costa Rica enjoy the same protection as ones issued in the U.S. There may be a tax offset in te IRS Code for taxes paid to Costa Rica. I dunno . . .
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