Wednesday 5 October 2022

How much will the reduction be on the 2022 Marchamo?

Deputies buried the proposal of a general reduction of 50% in the 2022 Marchamo

Paying the bills

Latest

Black jaguar is captured by camera traps in the Cordillera de Talamanca

QCOSTARICA - A jaguar with melanism (an increase of...

Border crossing with Panama restored, but trade conflict continues

QCOSTARICA - The temporary blockade that a group of...

Costa Rica begins with vaccination against Covid-19 in children

QCOSTARICA - The Caja Costarricense de Seguro Social (CCSS)...

The Best Online Casinos You Can Use Anywhere In The World

There’s nothing worse than having a winning streak on...

Business sector call for declaration of national emergency due to poor road conditions

QCOSTARICA - The Unión Costarricense de Cámaras y Asociaciones...

Heavy rains caused landslides and road closures

QCOSTARICA - The heavy rains on Monday caused landslides,...

Tourism dynamism does not reach all small businesses

QCOSTARICA - It is estimated that, by the end...

Dollar Exchange

¢625.74 Buy

¢631.33 Sell

04 October 2022 - At The Banks - BCCR

Paying the bills

Share

QCOSTARICA – Legislators on Monday approved a substantive motion that establishes a new scale, more moderate, to reduce the vehicle property tax that will be charged within the 2022 Marchamo (vehicle circulation permit).

Deputies buried the proposal of a general reduction of 50% in the 2022 Marchamo

In the following table, you can see the approximate tax for 2022:

  • The most benefited will be the owners of vehicles with tax values (valor fiscal) below ¢240,000, who will pay a fixed rate of ¢13,800 (a decrease of 33%)
  • For vehicles whose tax value is between ¢940,000 and ¢1,860,000, the discount will be 20%
  • From ¢1,860,000 to ¢2,810,000, 10%;
  • From ¢2,810,000 to ¢3,510,000, 5%;
  • From ¢3,510,000 to ¢4,210,000, 3%
  • And from  ¢4,210,000 to ¢15 million, 6%.
  • For vehicles whose tax value exceeds ¢15 million, no reduction will be applied
  • In the case of motorcycles whose tax value is up to ¢1 million, they will not have to pay Value Added Tax (VAT).

On Monday afternoon, the opposition reversed its initial intention to reduce the tax for all vehicles valued at less than ¢7 million by 50%, as was done last year. That plan also contemplated a reduction of 25% for vehicles valued between ¢7 million and ¢10 million, and 10% for those that range between ¢10 million and ¢15 million.

- Advertisement -

The property tax on vehicles represents about 63% of the total cost of the Marchamo, followed by the Mandatory Vehicle Insurance (SOA), among others.

Now, the bill must be submitted to the first and second debates, then, would be sent to the office of President Carlos Alvarado, who would decide whether or not to sign it.

The change made is aimed at not hitting the State’s finances so much.

Finance Minister Elian Villegas severely criticized the proposal, stating that, even with the most moderate proposal, it will mean ¢30 billion colones less for the treasury at a time when the country needs to balance its public finances.

 

- 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 will maintain November 1 start for collection of Marchamo

QCOSTARICA - The Instituto Nacional de Seguros (INS) - National Insurance...

“Late” vehicles mayget an RTV appointment until September 19

QCOSTARICA - Owners/drivers of vehicles that did or could not get...

Subscribe to our stories

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