Costa Rica Income Tax
Rates for 2011 Fiscal Year
The Ministry of the Treasury has published the tax rates for the 2011 Fiscal Year. The fiscal year in Costa Rica runs from October 1st to September 30th. The form used to report income in Costa Rica is the D-101 form. A copy of the D-101 form is set forth below for illustration purposes.
The Fiscal year in Costa Rican ends on September 30, 2011. All Costa Rican tax returns are due by December 15, 2011. The tax obligation threshold varies each fiscal year. The information contained below is the published tax rates for the Fiscal Year ending September 30, 2011 as published by the Ministry of the Treasury of Costa Rica. The applicable tax form for income taxes is the D-101 Form.
1. Individuals with a Business Activity.
This tax rate applies to individuals who carry out a business or trade on their own as self employed individuals.
| 2011
Net Income Amount
| Tax Rate (October 2010 to September 2011) |
| Up to ¢2.890.000 | No Tax (Exempt)
|
| Excess of ¢2.890.000 Up to ¢4.316.000 |
10% |
| On the Excess of ¢4.316.000 Up to ¢7.199.000 |
15% |
| On the Excess of ¢7.199.000 Up to ¢14.427.000 |
20% |
| On the Excess of ¢13,713.000 | 25% |
2. Calculations for Corporations
If you operate as a corporation then you will be subject to the following tax rates. The calculation is a two (2) step process. First you determine the Gross Income of the corporation. The Gross income will determine the applicable tax rate according to the tax rate set forth below. However, the second step once you have your tax rate is to calculate the tax by multiplying the rate by your Net Income.
2010 Gross Income | Tax Rate (october 2009 to September 2010) |
| Up to ¢43,253,000 | 10% |
| Up to ¢87,004,000 | 20% |
| In Excess of ¢87,004,000 | 30% |
To calculate the actual tax : 1- Establish your tax rate based on Gross Income
2. Use the Tax Rate X Net Income = Tax Due
D-101 Income Tax Reporting Form
