Costa Rica's Ministry of Finance has issued Executive Decree No. 43375-H, which was published in the Official Gazette on 22 December 2021. The Decree sets the corporate and individual income tax brackets and rates for 2022.
For corporate income tax, the 30% rate applies for companies with gross income exceeding CRC 112,070,000, while the progressive rates for smaller companies with gross income not exceeding that amount are as follows:
- up to CRC 5,286,000 - 5%
- over CRC 5,286,000 up to 7,930,000 - 10%
- over CRC 7,930,000 up to 10,573,000 - 15%
- over CRC 10,573,000 (up to 112,070,000) - 20%
The individual employment income tax brackets/rates (monthly) are set as follows:
- up to CRC 863,000 - 0%
- over CRC 863,000 up to 1,267,000 - 10%
- over CRC 1,267,000 up to 2,223,000 - 15%
- over CRC 2,223,000 up to 4,445,000 - 20%
- over CRC 4,445,000 - 25%
The individual business income tax brackets/rates (annually) are set as follows:
- up to CRC 3,836,000 - 0%
- over CRC 3,836,000 up to 5,729,000 - 10%
- over CRC 5,729,000 up to 9,555,000 - 15%
- over CRC 9,555,000 up to 19,150,000 - 20%
- over CRC 19,150,000 - 25%
These new tax brackets will apply from 1 January 2022 to 31 December 2022.
The Ministry of Finance has also issued Decree No. 43370-H, which was published in the same edition of the Official Gazette and sets the solidary tax brackets/rates on residential property for 2022 as follows:
- over CRC 137 million - 0.25%
- over CRC 344 million - 0.30%
- over CRC 691 million - 0.35%
- over CRC 1,036 million - 0.40%
- over CRC 1,383 million - 0.45%
- over CRC 1,726 million - 0.50%
- over CRC 2,073 million - 0.55%
The solidary tax, introduced in 2008, is meant to support housing projects and is levied on the estimated value of residential property that is used regularly, occasionally, or for recreational purposes