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Costa Rica: Taxes and Costs

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Last Updated: Feb 15, 2008

Progressive income tax rates

INDIVIDUAL TAXATION

Non-resident individuals are liable to tax only on their Costa Rican-sourced income. Married couples are taxed separately.

INCOME TAX (Impuesto sobre las remesas al exterior)

The first CRC1,434,000 (US$2,908) of non-employment sourced income, including rental income of non-residents, is exempt from income tax. Beyond the exempted amount, income tax is levied at progressive rates from 10% - 25%.

Capital Gains Tax

Capital gains are not taxed in Costa Rica unless they are derived from habitual transactions. Capital gains derived from habitual transactions are taxed at the standard income tax rate.


PROPERTY TAX


Real Estate/Habitation Tax (Impuesto sobre bienes inmuebles)

Property taxes are levied on the cadastral value of the property as assessed by the tax authorities. Property taxes are levied by the municipalities at the flat rate of 0.25%. The real estate tax is calculated on a calendar year basis and must be paid annually, semiannually or quarterly, depending on the municipality.

 

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