News in from Costa Rica: Social Security contributions will increase as of 1 January 2023.

Reforms to the Regulations of Disability, Old Age and Death Insurance of the Costa Rican Social Security Fund (CCSS) were agreed back in 2019 to define the periods and percentages of increase to IVM contributions. (Session 9038 of the Board of Directors of the CCSS on 20 June 2019)

The following amounts apply as of 1 January 2023, and are effective until 31 December 2025.

Costa Rican Social Security Fund – 2023

For Patron Worker Amount
SEM 9.25% 5.50% 0
IVM 5.42% 4.17% 0
Total CCSS 14.67% 9.67% 0

Other Institutions

Institution Patron Worker Amount
Banco Popular Employer Fee 0.25% 0
Family allowances 5.00% 0
IMAS 0.50% 0
INA 1.50% 0
Total other institutions 7.25% 0

Worker Protection Law

For Patron Worker Amount
Banco Popular Employer Contribution 0.25% 0
Labour Capitalization Fund 1.50% 0
Supplementary Pension Fund 2.00% 0
Banco Popular Worker Contribution 1.00% 0
INTO 1.00% 0
Total LPT 4.75% 1.00% 0
Patron Worker Total
Total Increase Percentages 26.67% 10.67% 37.34%

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All information contained in this publication is up to date on 2022. This content has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice.No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this content, and, to the extent permitted by law, AUXADI does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.