Costa Rica: Living There - Tax Issues
Country Rating » 
In Depth
- Overview
- Price History
- Rental Yields
- Taxes and Costs
- Buying Guide
- Landlord and Tenant
- Inheritance
- Living There
- Country Statistics
Directory
Global Statistics
Regional Statistics
- Sq. M. Prices
- Rental Yields
- Rents
- Price/Rent Ratio
- Buy/Sell Costs
- Rental Income Tax
- Capital Gains Tax
- Landlord & Tenant Law
- GDP Per Capita
- GDP/Cap Growth 1 yr
- GDP/Cap Growth 5 yrs
- Economic Freedom
- Ec. Freedom 5 yrs
- Competitiveness
- Property Rights Index
- Currency +/- Value
Last Updated: Feb 15, 2008
Living There
INDIVIDUAL TAXATION
Residents pay tax on their worldwide income. Husband and wife are treated separately for the purpose of assessing tax on non-employment income.
INCOME TAX
Self-employed individuals with business activities are allowed to deduct all costs and expenses necessary to produce taxable income, as well as to protect their investments. Income tax rates on non-employment sourced income are as follows:
INCOME TAX |
|
| TAXABLE INCOME, CRC (US$) | TAX RATE |
| Up to 1,434,000 (US$2,908) | nil |
| 1,434,000 - 2,142,000 (US$4,344) | 10% |
| 2,142,000 - 3,573,000 (US$7,246) | 15% |
| 3,573,000 - 7,160,000 (US$4,580) | 20% |
| Over 7,160,000 (US$14,580) | 25% |
| Source: Global Property Guide | |
A number of family-related allowances can be deducted from non-employment sourced income:
- an annual tax credit of CRC6,720 (US$14) in respect of a spouse;
- an annual tax credit of CRC9,960 (US$20) in respect of a dependant under 25 years of age.
Costa Rica - more data and information
Post a comment
Subscribe to our Newsletter!
Enter your email address to sign up.
Your Comments
Be the first to comment!