Flash News - New Renta 2025 tranches in Costa Rica

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Flash News - New Renta 2025 tranches in Costa Rica

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1. On December 3, 2024, Through Scope No.195 of Gaceta No. 227 Tax Administration, via Executive Decree N°44772-H, updated the Income Tax brackets for individual and Legal Entities.

2. For the second year in a row there has been a decrease in the income tax brackets

3. For Individuals with lucrative activities, the following brackets are established for the calculation of Income Tax:

Individual Income Tax

Income Brackets	Tax Rate
From ₡4 094 000	Exempt
From ₡4 094 000 up to ₡6 115 000	10%
From ₡6 115 000 up to ₡6 115 000	15%
From ₡10 200 000 up to ₡20 442 000	20%
On the excess ₡20 442 000	25%

**Tax credits:

For each child ₡20 640
For the spouse ₡31 200

For Legal Entities, the following brackets (based on net income) are established for income tax calculation:

Tax on Legal Entities

Income Brackets	Tax Rate
To ₡5 642 000	5%
From ₡5 642 000 up to ₡8 465 000	10%
From ₡8 465 000 up to ₡11 286 000	15%
On the excess ₡11 286 000 up to ₡119 629 000	20%

**On the excess of ¢119,629,000 of gross income you will pay 30%.

The content of this newsletter is merely informative, that´s why it cannot be used under any circumstances as advice on the matter described in it. If you need advice on any of the aspects discussed, our team of professionals will be willing to assist you. contacto@jadelrio.com