By means of Decreet number 369288-H[1], Costa Rica Government published the new rates for the 2012 Luxury Home Tax, Officially known as “Impuesto Solidario para el Fortalecimiento de Programas de Vivienda”
These rates will be applied during the 2012 tax period as follows:
| Home Value | Tax rate to apply |
| a) Up to ¢ 277.000.000,00 | 0,25% |
| b) On what exceeds ¢ 277.000.000,00 and until ¢ 555.000.000,00 | 0,30% |
| c) On what exceeds ¢ 555.000.000,00 and until ¢ 832.000.000,00 | 0,35% |
| d) On what exceeds ¢ 832.000.000,00 and until ¢1.109.000.000,00 | 0,40% |
| e) On what exceeds ¢ 1.109.000.000,00 and until ¢1.386.000.000,00 | 0,45% |
| f) On what exceeds ¢ 1.386.000.000,00 and until ¢1.665.000.000,00 | 0,50% |
| g) On what exceeds ¢ 1.665.000.000,00 | 0,55% |
** ** Imporant to remember that if the house’s value is ¢111,000,000.00 or less then there is no tax to pay at all, but if the house’s value is bigger, then the chart above applies.
By means of Decreet number 36338-H[2], Costa Rica Government published the rates for the Luxury Home Tax, Officially known as “Impuesto Solidario para el Fortalecimiento de Programas de Vivienda”These rates will be applied during the 2011 tax period as follows:
| Home Value | Tax rate to apply |
| a) Up to ¢ 265.000.000,00 | 0,25% |
| b) On what exceeds ¢ 265.000.000,0 and until ¢ 531.000.000,00 | 0,30% |
| c) On what exceeds ¢ 531.000.000,00 and until ¢ 796.000.000,00 | 0,35% |
| d) On what exceeds ¢ 796.000.000,00 and until ¢1.061.000.000,00| | 0,40% |
| e) On what exceeds ¢ 1.061.000.000,00 and until ¢1.326.000.000,00 | 0,45% |
| f) On what exceeds ¢ 1.326.000.000,00 and until ¢1.592.000.000,00 | 0,50% |
| g) On what exceeds ¢ 1.592.000.000,00 | 0,55% |
© Copyright E&T ESCROW & TRUST SOLUTIONS S. R. L. Costa Rica.
( www.escrowtrustsolutions.com )
Please Note: This material is for personal use only and is protected by Copyright Law. It is provided as general information only and does not constitute and is not a substitute for legal or other professional advice. Reliance on this material is solely at your own risk. Always consult your own legal or other professional advisors and discuss the facts and circumstances that apply to your specific case.
If you enjoyed this article, please consider sharing it!
One Response to New rates for Costa Rica Luxury Homes tax (“Impuesto Solidario para el Fortalecimiento de Programas de Vivienda”). (2011 and 2102 TAX PERIOD)
Leave a Reply
Translator
Casimiro, ‘Nice, very informative, and useful articles. Thank you for sharing. Pura Vida de Platanillo!