January 4, 2022
Costa Rica's Tax Authority publishes the income tax brackets for tax year 2022
The new brackets are for corporate income, income from profitable activities and the salary tax. The brackets went into effect January 1, 2022.
On December 23, 2021, Costa Rica's Tax Authority published Executive Decree No. 43375-H, which contains the income tax brackets applicable for tax year 2022.
The following corporate income tax rates will apply to the income of companies with annual gross income of ¢112,070,000 (US $175,383)1 or below:
For companies with an annual gross income that exceeds ¢112,070,000 (US $175,383), the applicable corporate income tax rate will be 30%.
The following income tax rates will apply to the income obtained by individuals from profitable activities:
The following salary tax rates will apply for tax year 2022:
The new tax brackets became effective on January 1, 2022.
1 The exchange rate used is the reference rate for sale at the Costa Rican Central Bank as of January 3, 2022: ¢639 per US$1