Costa Rica – Changes in Tax Brackets and Tax Credit
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Changes In Monthly Income Tax Brackets
As of January 1st, 2025, 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. 44772-H, in the national newspaper La Gaceta on December 4th, 2024. The following income tax brackets will apply:
| Income From | Income To | Rate |
|---|---|---|
| CRC 0.0 | CRC 922,000.00 | 0% |
| CRC 922,000.00 | CRC1,352,000,00 | 10% |
| CRC 1,352,000.00 | CRC 2,373,000.00 | 15% |
| CRC 2,373,000.00 | CRC 4,745,000.00 | 20% |
| CRC 4,745,000.00 | 25% |
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.
| Credit By | Monthly Amount |
|---|---|
| Son | CRC 1,720.00 |
| By spouse | CRC 2,600.00 |
Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above change.
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Costa Rica – Changes in Tax Brackets and Tax Credit – 1 January 2025
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