On December 8, 2023, Executive Decree No. 44276-H was published, whereby the income tax brackets that will apply during the 2024 tax period were updated, as detailed below:
Salary tax
| Gross Salary From |
To |
Rate |
| $ 0.00 |
₡929.000,00 ($ 1,764.00 Aprox.) |
0% |
| ₡929.000,00 ($ 1,764.00 Approx.) |
₡1.363.000,00 ($ 2,588.00 Aprox.) |
10% |
| ₡1.363.000,00 ($ 2,588.00 Approx.) |
₡2.392.000,00 ($ 4,541.00 Aprox.) |
15% |
| ₡2.392.000,00 ($ 4,541.00 Approx.) |
₡4.783.000,00 ($ 9,081,00 Aprox.) |
20% |
| ₡4.783.000,00 ($ 9,081,00 Approx.) |
Thereafter |
25% |
Income tax on individuals with profitable activity:
| Gross Income From |
To |
Rate |
| $ 0.00 |
₡4.127.000,00 ($7,835.00 Aprox.) |
0% |
| ₡4.127.000,00 ($7,835.00 Aprox.) |
₡6.164.000,00 ($11,702.00 Aprox.) |
10% |
| ₡6.164.000,00 ($11,702.00 Aprox.) |
₡10.281.000,00 ($19,519.00 Aprox.) |
15% |
| ₡10.281.000,00 ($19,519.00 Aprox.) |
₡20.605.000,00 ($39,119,00 Aprox.) |
20% |
| ₡20.605.000,00 ($39,119,00 Aprox.) |
Thereafter |
25% |
Tax on profits of legal entities with gross income of up to ₡120,582,000.00 (USD$228,926.00 Approx.):
| Gross Income From |
To |
Rate |
| $ 0.00 |
₡5.687.000,00 ($10,797.00 Aprox.) |
0% |
| ₡5.687.000,00 ($10,797.00 Aprox.) |
₡8.532.000,00 ($16,198.00 Aprox.) |
10% |
| ₡8.532.000,00 ($16,198.00 Aprox.) |
₡11.376.000,00 ($21,597.00 Aprox.) |
15% |
| ₡11.376.000,00 ($21,597.00 Aprox.) |
₡120.582.000,00 ($228,926.00 Aprox.) |
20% |
Legal entities with gross income greater than ₡120,582,000.00 (USD$228,926.00, Approx.) will pay a rate of 30%.
If you require any advice, please contact us.
