  This year, the cost of the Marchamo tax is expected to be lower due to the decrease in taxes approved on Wednesday by Congress. - Insurance Institute photo - |
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 Published Thursday, October 29, 2020 Enabled
Marchamo tax cost
review online By the A.M. Costa Rica staff The so-called Marchamo is a compound tax on the right to drive a vehicle. It should be paid in advance once a year before Dec. 31. The Insurance Institute collects this tax made up of the sum of eight types of taxes that are included as: 1- The Property Tax that is equivalent to 63.86% of the cost of the vehicle. This percentage is calculated based on the value of the vehicle estimated by the Ministry of Finance. 2- The Mandatory Vehicle Insurance, SOA, which is equivalent to 21.92%. 3 - The tax for the Road Safety Council, COSEVI, is equivalent to 5.70%. 4- The Value Added Tax, IVA of the car insurance plus an obligated donation to Scouts of 4.7%. 5- The tax to the Public Transport Council, which is equivalent to 1.71%. 6 -The tax for the purchase and maintenance of parking meters, which is equivalent to 1.42%. 7- The tax to the Regulatory Authority of Public Services, Aresep, which is equivalent to 0.46%. 8- The tax for the Traffic Law is equivalent to 0.23%. To know the final amount to be paid for Marchamo tax, the Institute developed the Consulta/Marchamo website. In order to find the cost of Marchamo tax to pay this year, the vehicle owner must enter the information on the type of vehicle, such as taxi, bus, private car, among others. Then, enter the car plate number. According to the institute, the value of a vehicle, the so-called Fiscal Vehicle Value, is calculated by the Ministry of Finance. People interested in knowing the value that the ministry has estimated for their vehicle can make the review on the Auto Valor web page. This year, the cost of the Marchamo tax is expected to be lower due to the decrease in taxes approved on Wednesday by Congress. According to Congress, the approval of bill No.22.085 establishes a reduction in the so-called Fiscal Vehicle Value established by the Ministry of Finance. The law authorizes a reduction in 50% of the Fiscal Vehicle Value on private vehicles with a value of less than $11,580. This 50% reduction also applies to so-called light-duty vehicles with a tax value of less than $24,814. In the case of vehicles with values between $11,580 and $16,542, the discount will be 25%. Vehicles valued between $16,600 and $24,814 will have a 15% reduction. The rest of the seven types of taxes that make up the final cost of the Marchamo are maintained. -------------------- Do you have to pay an annual tax for the right to drive your vehicle in your country? We would like to know your thoughts on this story. Send your comments to news@amcostarica.com |
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