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Nicaragua
Individual - Taxes on personal income
Last reviewed - 19 December 2024Nicaragua taxes its citizens and all residents and non-residents on their income originating in Nicaragua. Taxable income that originates in Nicaragua obtained by non-residents or non-domiciled persons is determined as a percentage of gross income, depending on the nature of the income.
Personal income tax rates
Residents are subject to income tax according to the progressive tax rates shown below:
| Taxable income (NIO*) | Minimum tax charge (NIO) | Tax on excess (%) | |
| Over | Not over | ||
| 0 | 100,000 | 0 | 0 |
| 100,000 | 200,000 | 0 | 15 |
| 200,000 | 350,000 | 15,000 | 20 |
| 350,000 | 500,000 | 45,000 | 25 |
| 500,000 | and above | 82,500 | 30 |
* Nicaraguan córdobas
Non-residents, whether domiciled or not, who receive Nicaraguan-source income are subject to a 20% definitive WHT.
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