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
|Banco Popular Employer Fee||0.25%||–||0|
|Total other institutions||7.25%||–||0|
Worker Protection Law
|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|
|Total Increase Percentages||26.67%||10.67%||37.34%|
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