Costa Rica’s Ministry of Finance has published Executive Decree No. 44772-H in the Official Gazette on 3 December 2024, establishing the corporate and individual income tax brackets and rates for the 2025 fiscal year.

Executive Decree No. 44772-H goes into effect on 1 January 2025.

Corporate income tax (CIT)

A corporate income tax rate of 30% applies to companies with gross income over CRC 119,629,000, while smaller companies with lower gross income are taxed at the following progressive rates:

  • Up to CRC 5,642,000: 5%;
  • Over CRC 5,642,000 and up to 8,465,000: 10%;
  • Over CRC 8,465,000 and up to 11,286,000: 15%;
  • Over CRC 11,286,000 (up to 119,629,000): 20%.

Individual income tax (CIT) – Business

  • Income up to CRC 4,094,000: 0% (tax-exempt);
  • Income over CRC 4,094,000 and up to CRC 6,115,000: 10%;
  • Income over CRC 6,115,000 and up to CRC 10,200,000: 15%;
  • Income over CRC 10,200,000 and up to CRC 20,442,000: 20%;
  • Income exceeding CRC 20,442,000: 25%.