Costa Rica is a “source” jurisdiction from an income point of view. Residents, non-residents and corporations generally are subject to tax only on their Costa Rican generated income.
For this reason, Costa Rica offers no credit for foreign taxes paid on foreign source income by Costa Rican residents or non-residents. Tax Rates are: 30% on corporations, 30% catch-all rate on non-residents, and a graduated scale of 10-25% for nationals depending on the type of income source. Most Santa Teresa, Mal Pais and Manzanillo real estate is held in corporate form.
Please refer to a Costa Rican tax specialist for more information.