Costa Rica Publishes Corporate and Individual Income Tax Brackets for 2016-2017

On 29 September 2016, Costa Rica published the executive decrees amending the corporate and individual income tax brackets for the 2016-2017 tax year in the Official Gazette. Although the brackets are adjusted, the rates remain the same.

Corporate income tax brackets and rates:

• up to CRC 52,634,000- 10%
• over CRC 52,634,000 up to 105,872,000 - 20%
• over CRC 105,872,000 - 30%

Individual employment income tax brackets and rates (monthly):

• up to CRC 792,000 - 0%
• over CRC 792,000 up to 1,18…