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 Ā¢122,145,000 during the fiscal year should be subject to the following tax brackets.
Annual Net Income |
Tax rate |
Until Ā¢5,761,000. | 5% |
The excess over Ā¢5,761,000 and up to Ā¢8,643,000 | 10% |
The excess over Ā¢8,643,000 and up to Ā¢11,524,000 | 15% |
The excess over Ā¢11,524,000 and up to Ā¢122,145,000 | 20% |
The excess over Ā¢122,145,000 | 30% |
The updated brackets apply from 1 January 2023.