Costa Rica new brackets of income tax effective from 1 January 2024
Mercans
DECEMBER 30, 2023
Changes in monthly income tax brackets As of January 1st, 2024, new brackets of income tax will be applicable to salary, retirement payments and pensions. The updated brackets and rates were published in Executive Decree No. 44276-H, in the national newspaper La Gaceta on December 7th, 2023. The monthly withholding tax rates and brackets that will apply as of January 1st, 2024, are the following: Amount of income Rate Up to CRC929,000 0% More than CRC929,000 to CRC1,363,000 10% More than CRC1,36
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