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Costa Rica: Tax brackets; ultimate beneficial owner register

Costa Rica: Tax brackets; ultimate beneficial owner

Among the recent tax developments in Costa Rica are the following items:


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  • A publication in the official gazette (26 September 2019) reflects the updated individual income tax brackets for 2020. In general, there is an increase on average by 2.86% to reflect an inflationary adjustment.
  • A law (no. 9691) concerns the factoring contract legislation that was effective 30 September 2019.
  • Beginning October 2019, all entities whose corporate identification number ends in 2 or 3 must take steps to comply with the ultimate beneficial owner register rules of the central bank.

Read an October 2019 report (Spanish and English) [PDF 196 KB] prepared by the KPMG member firm in Costa Rica

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