Costa Rica’s government has released the updated tax brackets for motor vehicles, aircraft, recreational vessels, and motorcycles, adjusted annually for inflation, along with fixed taxes for taxis, buses, and heavy cargo vehicles on 28 January 2025.
The revised tax brackets for moveable property tax brackets will take effect for the fiscal year starting 1 January 2026.
Earlier, on 30 September 2024, Costa Rica’s Executive Branch issued Executive Decree No. 44658-H, establishing the movable property tax brackets for the 2025 tax year and including updated tax rates for motor vehicles, aircraft, recreational and fishing vessels, and motorcycles.
Additionally, the Ministry of Finance confirmed the 2025 real estate tax exemption for individuals with one property valued under 45 base salaries (about USD 41,598) on 28 January 2025. The exemption amount remains unchanged from last year.
