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Vehicle’s Marchamo Has Been Reduced

Reduction in the payment of the “Marchamo” has been approved this night in Congress. Vehicles must meet certain criteria. Please continue reading to see if yours qualify: 50% Off benefit applies for vehicles of regular categories

Reduction in the payment of the “Marchamo” has been approved this night in Congress. Vehicles must meet certain criteria. Please continue reading to see if yours qualify:

50% Off benefit applies for vehicles of regular categories with a tax value of fewer than seven million colones (approx 11,500 USD.00) and light cargo with a tax value of fewer than fifteen million colones (approx 35,000 USD.00), and all vehicles of the categories heavy cargo, vans, and buses, tourism and public service.

25% Off benefit applies for vehicles of regular categories and light cargo with a tax value greater than seven million colones (approx $11,600 USD.00), and less than ten million colones (approx $16,600.00 USD).

15% Off benefit applies to vehicles of regular and light categories with a tax value greater than ten million colones (approx $16,600 USD.00), and less than fifteen million colones (approx $25,000.00 USD).

Ships, vessels, and aircrafts must pay the percentage corresponding to one hundred percent of the tax for the year 2021.

Motorcycles with a tax value of fewer than one million colones (approx 1,600 USD.00) are exempted from paying the value-added tax regulated by the Law 9635, in the payment of the Marchamo 2021.

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salvarado@outlierlegal.com

Senior manager with more than ten years’ experience in regional roles coordination, global immigration, taxes, and corporate law. Has established two start-ups in the region while effectively leading teams to high success standards.

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1 COMMENT
  • Sean C Stokes October 28, 2020

    Very good! everything helps, Will that need to be applied for or will we just find the reduction at time of payment?

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