By Decree, the Tax Administration updated the income tax amounts and credits for: dependent personal work, retirement or pension, or other remunerations; legal entities; and natural persons with lucrative activities, as detailed below:

Income Tax for dependent personal work, retirement or pension, or other remunerations (salary tax)

Amount

Tax

Up to ¢842.000,00 Exempt
Over the excess of ¢842.000,00 and up to ¢1.236.000,00 10%
Over the excess of ¢1.236.000,00 and up to ¢2.169.000,00 15%
Over the excess of ¢2.169.000,00 and up to ¢4.337.000,00 20%
Over the excess of ¢4.337.000,00 25%

Tax Credits for dependent personal work:

  1. For each child: ¢1.570,00
  2. For the spouse: ¢2.370,00

Income Tax for legal entities with a gross income under ¢109.337.000,00

Amount

Tax

Over the first ¢5.157.000,00 of annual net rent 5%
Over the excess of ¢5.157.000,00 and up to ¢7.737.000,00 10%
Over the excess of ¢7.737.000,00 and up to ¢10.315.000,00 15%
Over the excess of ¢10.315.000,00 20%

 

Income tax for natural persons with lucrative activities

Amount

Tax

Up to ¢3.742.000,00 annually Exempt
Over the excess of ¢3.742.000,00 and up to ¢5.589.000,00 10%
Over the excess of ¢5.589.000,00 and up to ¢9.322.000,00 15%
Over the excess ¢9.322.000,00 and up tp ¢18.683.000,00 20%
Over the excess of ¢18.683.000,00 25%

 

Tax credits for natural persons with economic activities:

a) For each child ¢18.840,00 annually.

b) For the spouse ¢28.440,00 annually.

(Decree N.º 42733-H published in La Gaceta No. 288 of December 8th, 2020)