Costa Rica: Updated income tax brackets; other developments
Updated income tax brackets apply from 1 January 2022
Updated income tax brackets apply from 1 January 2022
Executive Decree Number 43375-H (published in the official gazette on 22 December 2021) updated the income tax sections referring to salary, profits, and tax credits. These updated income tax brackets apply from 1 January 2022.
Other recent tax developments concern:
- The minimum wage for 2022
- Expiration of the term for the payment of taxes on luxury homes
- Collection of tax from legal entities
- Update on local purchases free trade zone regime
- Update of the audit manual of the foreign trade promoter
Read a January 2022 report prepared by the KPMG member firm in Costa Rica
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