On 23 December 2022, the Costa Rican Ministry of Finance published Executive Decree No.43852-H updating the individual and corporate income tax thresholds for 2023. Accordingly, companies whose gross income does not exceed the amount of ¢122,145,000 during the fiscal year should be subject to the following tax brackets.
|
Annual Net Income |
Tax rate |
| Until ¢5,761,000. | 5% |
| The excess over ¢5,761,000 and up to ¢8,643,000 | 10% |
| The excess over ¢8,643,000 and up to ¢11,524,000 | 15% |
| The excess over ¢11,524,000 and up to ¢122,145,000 | 20% |
| The excess over ¢122,145,000 | 30% |
The updated brackets apply from 1 January 2023.
