Sunday 26 September 2021

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

Paying the bills

Latest

Government will buy one million more covid vaccines for children and third doses in 2022

QCOSTARICA - The President of Costa Rica, Carlos Alvarado,...

Don’t forget the vehicular restrictions

QCOSTARICA - If you are out and about this...

UNA epidemiologist: “We are not better, we are less worse”

QCOSTARICA - The fact that the number of infections...

Today’s Vehicle Restriction September 26: “ODD” ending plates CANNOT circulate

QCOSTARICA - For today, Sunday, September 26, vehicles with...

Canadian airlines will start flying back to Costa Rica on October 2

QCOSTARICA - Four Canadian airlines will resume their flights...

8-year-old boy dies abruptly of covid-19

QCOSTARICA - An eight-year-old boy who had no risk...

Vaccinations face unfounded fears over AstraZeneca dosages

QCOSTARICA - The goal of immunizing 500,000 people over...
Paying the bills

Share

Expomovial 2016. Photo Adrián Soto, La Nacion
Expomovial 2016. Photo Adrián Soto, La Nacion

(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 model year vehicles.

- Advertisement -

The decree was published in the official government newsletter, La Gaceta, on October 21, 2016.

Fernando Rodriguez, Deputy Minister Finance, explained that “the problem is when these new cars enter the country their fiscal (tax) value causes the values of older models to fall and this has a significant impact on tax revenue.”

The deputy minister explained that the entry of new cars is one factor that directly influences the falling fiscal (tax) values which is used to calculate the annual property tax included in the Marchamo (circulation permit).

The ministry of Finance is expected to announce the fiscal (tax) values next week in preparation for the 2017 Marchamo that is due payable by December 31.

Source La Nacion

- Advertisement -
Paying the bills
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

Congress approves reduction in 2021 Marchamo

QCOSTARICA - As had been expected, Congress approved on Tuesday night...

Agreement between legislators: marchamo would drop only for vehicles of less than ¢15 million

QCOSTARICA - Legislators from different political parties reached an agreement on...

Subscribe to our stories

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

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.