On 12 August 2015, legislation to implement amendments to individual income tax, corporate income tax and value added tax was submitted to Costa Rica's Legislative Assembly. The tax reform includes several changes, summarized as follows: Individual Income Tax New individual income tax upper rates and brackets: up to CRC 793,000 - 0% over CRC 793,000 up to 1,190,000 - 10% over CRC 1,190,000 up to 2,225,000 - 15% over CRC 2,225,000 up to 4,450,000 - 20% over CRC 4,450,000 - 25% For self-employed individuals, the rates range from 10% to 25%. Corporate Income Tax Main changes include: Allowing a special...