Costa Rica new brackets of income tax effective from 1 January 2024

Changes in monthly income tax brackets

As of January 1st, 2024, new brackets of income tax will be applicable to salary, retirement payments and pensions. The updated brackets and rates were published in Executive Decree No. 44276-H, in the national newspaper La Gaceta on December 7th, 2023.

The monthly withholding tax rates and brackets that will apply as of January 1st, 2024, are the following:

Changes in tax credit amounts concerning family members

The same decree updates the amounts corresponding to the tax credits that individuals can apply to each child and their spouse.

Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above change

Mercans Recommends

View PDF

Costa Rica's Tax Authority publishes income tax brackets for tax year 2024

Size

772.02 KB