Costa Rica's Legislative Assembly is considering Bill 23760, which provides for the introduction of a new Income Tax Law, replacing the current Income Tax Law, Law No. 7092 of 1988. The new Income Tax Law includes three main taxes: i) the Personal Income Tax (IRPF), ii) the Corporate Income Tax (IRPJ), and iii) the Non-Resident Income Tax.
Personal Income Tax (IRPF)
The Personal Income Tax (IRPF) is levied on income from a Costa Rican source derived from dependent personal work, retirement…