Costa Rica: Taxes and Costs
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Progressive income
tax rates in Costa Rica
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)
Income from non-employment sources are taxed separately from employment income. Income-generating expenses are deductible when calculating the taxable income from business activities. Income tax is levied at progressive rates.
INCOME TAX |
|
| TAXABLE INCOME, CRC (US$) | TAX RATE |
| Up to 2,599,000 (US$4,561) | nil |
| 2,599,000 - 3,880,000 (US$6,809) | 10% on band over US$4,561 |
| 3,880,000 - 6,473,000 (US$11,359) | 15% on band over US$6,809 |
| 6,473,000 - 12,972,000 (US$22,763) | 20% on band over US$11,359 |
| Over 12,972,000 (US$22,763) | 25% on all income over US$22,763 |
| Source: Global Property Guide | |
CAPITAL GAINS
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 progressive income tax rates.
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.
Costa Rica - more data and information
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