Costa Rica Gazettes Decree Updating 2022 Income Tax Thresholds for Individual Taxpayers, Companies

The Costa Rican Official Gazette Dec. 22 published Decree No. 43375-H, updating the 2022 individual and corporate income tax thresholds. The decree includes: 1) the individual monthly non-taxable threshold of 863,000 Costa Rican colones (US$1,344); 2) a 10 percent tax on monthly income between 863,000 colones and 1,267,000 colones (US$1,973); 3) a 15 percent tax on monthly income up to 2,223,000 colones (US$3,461); 4) a 20 percent tax on monthly income up to 4,445,000 colones (US$6,922); and 5) a 25 percent tax on monthly income over 4,445,000 colones. For companies with annual incomes up to 12,070,000 colones (US$174,516), the decree ...