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fiscal value

Attorney General: Decree Restricting Importation Of New Cars Is Unconstitutional

Attorney General: Decree Restricting Importation Of New Cars Is Unconstitutional

Q COSTA RICA – “It restricts the freedom of commerce and implies an intrusion into the market,” says Costa Rica’s Attorney General, Julio Jurado, commenting on the decree emitted by the government last August, that prevents importers of new vehicles from introducing into the country late-models before the month of September. This year, for example, […]

Protecting The Purse Strings: Hacienda Restricts Import of New Cars To Avoid Falling Tax Value

Protecting The Purse Strings: Hacienda Restricts Import of New Cars To Avoid Falling Tax Value

(QCOSTARICA) Avoiding a fall in fiscal (tax) values, the Ministry of Finance (Ministerio de Hacienda) has issued a decree allowing the import of following year new vehicles starting only in September. For example, new car dealers may import 2018 model year vehicles starting in September 2017. Between January and August they can only import 2017 […]