Tuesday 29 November 2022

Ferraris top the list of cars with the highest Marchamos

Inflation raised the cost of the annual circulation permit for 67% of private vehicles

Paying the bills

Latest

WhatsApp rolls out a feature that makes it easier to message yourself

QTECH - Have you ever wanted to message yourself?...

Increase in Internet connections boosts levels of competitiveness in Costa Rica

QCOSTARICA  (Revista Summa) The increase in fixed and mobile...

IOM: Central America is in a “migration storm”

Q24N (EFE) The situation of immigrants who cross Central...

Boyeros parade returned to San José post pandemic

QCOSTARICA - Nearly 300 "yuntas" (oxen) with their respective...

Yokasta Valle conquers double world crown

QCOSTARICA - In a great boxing match, Costa Rica's...

Talks advancing for an integrated border post between Costa Rica and Panama

QCOSTARICA - An integrated border post between Costa Rica...

Dollar Exchange

¢596.70 Buy

¢602.92 Sell

29 November 2022 - At The Banks - BCCR

Paying the bills

Share

QCOSTARICA – It’s November and time to pay for the coming year’s Marchamo (vehicle circulating permit).

And as usual, the Instituto Nacional de Seguros (INS), the State agency responsible for the collection of the Marchamo, that includes the compulsory insurance and the annual property tax, among others, provides a list of the top ten vehicles with the highest Marchamo.

- Advertisement -

For 2023, the list includes five vehicles from Italian automakers, three Ferraris (top 3), a Maserati and Lamborghini, two Mercedes Benz, and three Porsches.

The owners of these ten vehicles will be paying ¢81,722,160 colones (US$138,388 dollars at today’s exchange rate).

The vehicle with the highest Marchamo for 2023 is a 2021 Ferrari (the model was not provided), paying ¢9,540,161 colones. Together, the owners of the three Ferraris on the list will be paying more than ¢28 million colones.

On the opposite side of the scale, the vehicle with the lowest 2023 Marchamo is a 1975  Datsun (pre Nissan) with a payment of ¢67,089 colones.

For 2023, there are 1,744,707 registered vehicles in Costa Rica that will have to pay the circulation permit, with a total collection ¢329 billion colones.

The property tax component is based on the “valor fiscal” (tax value) set by the Ministerio de Hacienda (Ministry of Finance), a value that for 2023 rose 2.13% over the previous year. That is today, tax-wise, vehicles in Costa Rica increased their value from one year to the other.

Minister of Finance, Nogui Acosta, and INS president, Mónica Araya
- Advertisement -

The Treasury chief, Nogui Acosta, indicated that 67% of the vehicle fleet had their fiscal value increased due to inflation. It is for this reason that they analyze possible changes to the way in which the tax is calculated for the 2024 Marchamo. A promise made each year by the minister of the day that never materializes.

To that end, don’t hurry to pay as the Ministry of Finance acknowledges is still making some adjustments in the amounts it charges on vehicles with some type of exemption, such as electric vehicles.

Some vehicles could be charged the Property Tax in its entirety and not with the discounts granted by the law that encourages the use of green transportation, according to the INS Department of Communication.

Don’t agree with the Tax Value?

Contrary to popular belief, if you do not agree with the assessed tax value of your vehicle(s), claims can be made to the Ministry of Finance to their web portal Autogestión for a request to reassess.

- Advertisement -

To use the portal, type in the plate number, the ‘Clase Placa’ (scroll down to PART if private passenger vehicle, to avoid get a list of all vehicles in the different classes), don’t worry on the ‘Cod. Gobierno’ and press BUSCAR.

Find your vehicle (if you didn’t include the Clase Placa) and to the right click on ‘Solicitud de Revision’ which will take you to the next screen. Complete and submit.

 

- Advertisement -
Paying the bills
Avatar photo
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

INS reports only 7% of Marchamos paid so far

QCOSTARICA - The national insurer, the Instituto Nacional de Seguros (INS),...

Marchamo collection starts today, Nov 1

QCOSTARICA - Today, Tuesday, November 1, begins the collection of the...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.