Costa Rica: Corporate and Personal Income Tax Rates and Regulations
Corporate Income Tax
Corporate income in Costa Rica is subject to a 30% tax rate. The law provides special provisions for small businesses.
Personal Income Tax for Expats
Residency Rules
Individuals who reside in Costa Rica for more than 183 days in a calendar year are considered resident taxpayers and are subject to income tax on their worldwide income.
Tax Obligations
Resident taxpayers in Costa Rica are required to file an annual income tax return by March 15th. They are subject to the following income tax brackets:
- 0-1 million colones: 0%
- 1-2 million colones: 10%
- 2-4 million colones: 15%
- 4-8 million colones: 20%
- 8 million colones and above: 25%
Costa Rica Tax Calculator
The Costa Rica Tax Calculator is a valuable tool for individuals and businesses to estimate their income tax liability. It is available for the 2024 tax year and allows users to calculate both income and payroll taxes.
Recent Tax Law Changes
In recent years, Costa Rica has implemented significant changes to its tax laws that directly affect foreign residents. It is essential for expats to stay informed about these changes to ensure compliance with tax obligations.
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