No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveNew income tax amounts apply this week

New income tax amounts apply this week

A new table of calculations for income tax payments took effect on Oct. 1. The new amounts are staggered depending on a taxpayer’s salary. 

Workers with a salary of up to ₡714,000 ($1,428) per month are tax-exempt. Those with a higher salary must pay 10 percent of the amount that exceeds that figure. In other words, taxpayers are charged 10 percent of the amount earned between ₡714,000 and ₡1,071,000 ($2,142).

People who earn more than ₡1,071,000 must pay 15 percent on the exceeding amount.

The amount of income tax for child or spouse support also increased beginning this week (₡16,080, or $32.15, for child support and ₡24,000, or $48, for spousal support).

Previous income tax regulations stated that all salaries lower than ₡651,000 ($1,302) were tax-exempt.

Trending Now

Costa Rica Faces Nicaragua in Key World Cup Qualifier Match

Costa Rica takes on Nicaragua this Tuesday at the Estadio Nacional in a match that could shape their path in the 2026 World Cup...

Costa Rica’s Rincón de la Vieja Volcano Experiences Moderate Eruption

Guanacaste residents woke up to activity from Rincón de la Vieja volcano yesterday morning. The volcano produced a moderate phreatic eruption at 6:08 a.m....

Costa Rica’s Air Travel is Evolving with Route Shifts

Airlines are reshaping their paths to Costa Rica, with some Latin American carriers pulling back while others from Canada, Mexico, and Europe step up...

El Salvador Rolls Out Bitcoin Bonds Amid Crypto Surge

El Salvador has pushed forward with its bold experiment in cryptocurrency, launching Bitcoin-backed bonds that tie the nation's finances directly to the volatile world...

Costa Rica’s Blue Carpet event unites Leaders for Ocean Innovation and Tourism

On Friday, the Costa Rican Fishing Federation (FECOP) held the second edition of La Alfombra Azul, an event created to celebrate innovation, science, and...

Costa Rican President Brushes Off Surge in Homicides

President Rodrigo Chaves has again brushed off Costa Rica's mounting security problems, labeling them as misunderstandings in a recent interview. Speaking on FOX Noticias,...
Avatar
spot_img
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica