 |
  The payment can be made from any mobile device with internet access, to avoid crowds. - INS photo - |
|||
  
 |
Published Tuesday, November 3, 2020 Marchamo tax online payment
to avoid covid-19 infections By the A.M. Costa Rica staff The so-called Marchamo is a
compound tax on the right to drive a
specific vehicle, it can be paid online to
avoid making payments in the Insurance
Institute headquarter, its branches or
banks, to avoid the risk of contagion of
covid-19.
The payment of this tax corresponds to the year 2021 and must be paid in advance once a year before Dec. 31. According to the institute, the payment can be made from any mobile device with internet access, to avoid crowds. The online payment options are: • Through any internet banking application of any local bank, whether public or private, in the bank payment option called Marchamo. • Also, online payment is enabled directly on the institute's website INS/Marchamo. • The institute also opened the free phone line 800-835-3467, where a sales executive will help you make the payment of the tax. • Another way to pay the tax is through the free app called INS24/ 7, which can be downloaded on any device, Google's Android or Apple's iOS. According to the institute the requirements to pay the Marchamo tax, in addition to knowing the amount that applies for a specific vehicle, are • ID number, or passport number or DIMEX for foreigners. • The vehicle must have the technical revision certificate, known as Riteve-RTV, approved and not expired. In case of not paying the tax before Dec. 31st, the owner of the vehicle will have to pay an extra penalty for delayed payment. Also, if the driver is stopped by a Traffic Police officer, he or she must pay an additional fine of approximately $90, and the additional penalty of confiscation of the vehicle plates. This year, the cost of the Marchamo tax is expected to be lower due to the decrease in taxes approved by Congress last week. 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. • While motorcycles will be exonerated from the 13% IVA tax. The rest of the seven types of taxes that make up the final cost of the Marchamo are maintained. The 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 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. 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. ---------------------------------------------- Should authorities forbid Marchamo tax payment this year, due to the ban on driving restrictions and economic crisis due to the pandemic? We would like to know your thoughts on this story. Send your comments to news@amcostarica.com
|
||
|
Expats
businesses are crucial to our community
Support professional's services and business  |
|
Nonprofit organizations  Relocation & Tours
Education
Consultation Services
 |
|||
|
U.S.
Income Tax & Accounting
 |
|||
Fine Art restoration
 Real
Estate Agents
   |
|||
|
TimeShare
Services
 Shipping
Services
 Laboratory
and Medical Services
 Business
Consulting Services
    |
|||
 |
 |
 |
 |
 |
 |
 |
 |
 |