Within the framework of a recent article published in the December edition of the Legal Industry Reviews magazine, Sylvia Bejarano, associate at CENTRAL LAW in Costa Rica, commented that the nature of the Christmas bonus should be preserved to benefit employees and employers. The interactive digital version of the magazine published the article entitled El aguinaldo y su posible consideración para impuestos (The Christmas bonus and its possible consideration for taxes), contained in the Employment section. “Taxing the Christmas bonus is something to be concerned about”, concluded Bejarano in her article, in which she explains that Costa Rican law does not recognise this remuneration as a salary and, therefore, it is exempt from paying income tax and social security contributions.
You may reach our expert via email to sbejarano@central-law.com
