Costa Rica News – After next October 1st, many people working in Costa Rica will have to pay tax on their additional income.
This will affect about 3,462 employees who earn between ¢787,000 per month and¢793,000.
The current figure is that those who make under ¢793,000 do not have to pay the tax. Those making ¢1,190,000 pay 10% and those making ¢1,190,000, 15%.
For example, If someone makes ¢1.000.000 per month he will not pay tax on the first ¢787.000 but will pay on the excess ¢213.000, having to pay a total of 10% which equals ¢21.300.
Many believe this level of taxation is unfair on an individual. Unlike companies, individuals don’t have many ways to adjust their income and expenses.
Multiple labor unions are angry.