Costa Rica Gazettes Decrees Updating 2025 Income Tax Brackets, VAT Returns for Specific Taxpayers

The Costa Rican Official Gazette Dec. 3 published Decree Nos. 44772-H and 10579, updating the individual and corporate income tax thresholds for 2025 and VAT returns for specific taxpayers. The decree includes measures setting the: 1) monthly individual tax rates of 10 percent on income between 922,000 colones (US$1,816) and 1.4 million colones (US$2,758) and 15 percent on income between 1.4 million colones and 2.4 million colones (US$4,728); 2) monthly individual tax rates of 20 percent on income between 2.4 million colones and 4.8 million colones (US$9,455) and 25 percent on income exceeding 4.8 million colones; and 3) corporate tax ...