The Costa Rican Legislative Assembly has approved a bill considering to increase withholding tax rates on various types of income paid to non-residents by 5%. The bill provides the 20% withholding tax rates for dividends and interest, 30% for royalties and technical fees.
The bill also includes amendments to the 15% tax rate on capital income and capital gains, including the removal of specific lower rates and exceptions. The bill was first presented on 11 January 2021 and updated on 3 February 2021. The provisions of the bill will apply from the first day of the month following publication.
