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Costa Rica Amends Corporate and Individual Income Tax Brackets for 2015-2016 Tax Year

02 October 2015

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Approved Changes

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Costa Rica

On 25 September 2015, Costa Rica published in the Official Gazette the decrees amending the corporate and individual income tax brackets for the 2015-2016 tax year. The brackets are adjusted, although the rates remain the same. Corporate income tax brackets and rates: up to CRC 53,320,000 - 10% CRC 53,320,001 up to 105,241,000 - 20% over CRC 105,241,000 - 30% Individual employment income tax brackets and rates: up to CRC 787,000 - 0% CRC 787,001 up to 1,181,000 - 10% over CRC 1,181,000 - 15% Individual business income tax brackets and rates: up to CRC 3,496,000 - 0% CRC 3,496,001...