Monday 19 April 2021
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IMF loan must be approved in the Assembly no later than the beginning of June

QCOSTARICA - The Legislative Assembly must approve the US$1.75 billion dollar "soft" loan from the International Monetary Fund (IMF) no later than the beginning of June, affirms Manuela Goretti, Head of the IMF Mission. At the Friday press conference, Goretti detailed the procedure to follow...

Tax on ‘luxury houses’ due in two weeks

QCOSTARICA - Real properties with a value greater than ¢133 million colones are subject to the tax known as 'mpuesto a las casas de lujo' (luxury houses tax) payable not later than January 15, 2021. Properties below that amount are exempt from paying the luxury...

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

QCOSTARICA - Legislators from different political parties reached an agreement on Monday, October 26, to reduce the property tax portion of the 2021 Marchamo, only for vehicles with a fiscal value less than ¢15 million colones. While the Legislative building being closed due to a...

The Marchamo dilemma

OPINION - In less than two weeks, on November 1, unless there is a setback, the 2021 Marchamo goes on sale. Some publications on social networks and WhatsApp groups suggest or announce with concern that the 2021 Marchamo will cost more. Well, that is not true,...

Treasury would accept lowering Marchamo on vehicles of less than ¢4.2 million

QCOSTARICA - As we approach November 1, the day when owners of vehicles can start paying the following year's Marchamo, there is still no consensus among politicians and legislators on reduction and if so, to what amount and how it will be applied. In the...

The Marchamo and initiatives to reduce it this year due to COVID-19

(QCOSTARICA) Though November 1 is still a long way off, December 31 more, the first and last day to pay the 2021 Marchamo, for many it implies a severe headache due to the critical situation that families and companies are going through as a...

Thousands Already Paid Their Marchamo

Some 41,000 plus owners of vehicles have already paid their 2020 Marchamo, the annual vehicular circulation permit. The payment, which includes the mandatory insurance and property tax, among others, is due by December 31.

Owners of new electric cars can save up to 65% on the 2020 Marchamo

The collection of the 2020 Marchamo (vehicular circulation permit) is around the corner, typically starting the first week in November.  If you are the owner of an electric vehicle, here is everything you need to know to be exonerated for five years. First, you must...

Property tax on vehicles will decrease 8% for 2019

The owners of 2,391,602 vehicles will feel a relief when paying the property tax on the vehicles for 2019. The Ministry of Finance announced a decrease of 7.76% less over 2018. The property tax on vehicles is payable by December 31 each year, and included...

Are You Paying Too Much In Taxes?

“In this world nothing can be said to be certain, except death and taxes,” according to Benjamin Franklin. But it is certain that some in the world are paying more taxes than others. And to the surprise of many, Costa Ricans are near the...

New Car Dealers Forced To Register 2018 Cars As 2017

Q COSTA RICA - When is a 2018 model car year a 2017?  When in Costa Rica and the new (2018) vehicle is stuck in customs. On Friday (March 24) the Dirección General de Tributación (DGT) - Directorate General of Taxation - suspended the decree...

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...

President Solis Demands Defaulting Ministers Pay Marchamo Arrears

QCOSTARICA - Calling on his cabinet ministers to lead by example, President Luis Guillermo Solis, has demanded those in areas of the marchamo to pay up as soon as possible. The presidential directive came after the online publication La Prensa Libre, published that five ministers...

A Casado Without Meat Or Egg For Many If Tax Plan Is Approved

QCOSTARICA - A casado without meat or eggs would be the meal for many if the government's new tax reform is passed as presented to the Legislative Assembly. The casado is a traditional Costa Rican dish of rice, beans, platano, egg and a piece of...

Legislator Warns Of Government’s Plan Of Additional Tax on Vehicles To Finance Electric Train

(QCOSTARICA) - The legislator for the Alianza Demócrata Cristiana, Mario Redondo, warns of a plan by the government to introduce a new (and additional) property tax on vehicles, to "finance" the urban electric train system. Redondo commented on Thursday the provision included in the “Ley...

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