A multisectorial dialogue in 2020 produced the new global income scheme, a bill which would raise income tax for the 20% of the salaried workforce (with employers) that makes the most money.
This would affect those who make between ₡683,000 and ₡1.2 million per month. While someone who makes ₡700,000 currently is exempt from income tax, they would have to pay ₡1,666 per month.
Someone earning ₡850,000 would pay ₡16,666, instead of the ₡1,000 they pay now. Those earning ₡1.2 million would pay ₡56,666 instead of the current 36,000.
There are some conditions that could reduce the amount of tax owed. These include dependents, mortgage payments for a first home, and professional or medical services.
12% of the working population make between ₡683,000 and ₡840,000. 8% earn between 842,000 and ₡1.2 million. The top 10% make over ₡1.2 million. Someone earning ₡10 million would have to pay ₡300,000 in tax.
