The Tax Authority in Costa Rica has enacted a modification to the Income, Salary, and Earnings Tax Brackets to be applied as of January 1st, 2021. This change to the Law on Income Tax signifies an adjustment of 0.28% to the income tax brackets as shown below.
| Income Tax Brackets | Applicable Tax % |
| Up to CRC 842,000.00 per month. | Will not be subject to tax |
| On the excess of CRC 842,000.00 per month and up to CRC 1,236,000.00. | 10% |
| On the excess of CRC 1,236,000.00 per month and up to CRC 2,169,000.00. | 15% |
| On the excess of CRC 2,169,000.00 per month and up to CRC 4,337,000.00. | 20% |
| On the excess of CRC 4,337,000.00 per month. | 25% |
Also, tax credits will be adjusted following the said modification. Employees can deduct CRC 1,570.00 for each child, and CRC 2,370.00 for the spouse.