More

    Costa Rica Car Ownership Could be Getting Cheaper in 2015

    Must Read

    How To Take Care of Your Skin To Avoid Wrinkles

    Let's take care of the skin with daily routines and easy to do at home to avoid wrinkles. Having healthy skin is not impossible, you just have to put into practice some simple tips so that you have wrinkle-free skin

    The Costa Rica News is Here for Entrepreneurs; Difficult Times are Overcome with Solidarity: “Yo Soy Costa Rica”

    The great family at The Costa Rica News put to service the best of its essence: to provide entrepreneurs with our full support amidst the adversity caused by the Coronavirus Pandemic

    Opportunities for Costa Rica during the Pandemic: Tourism

    From a health point of view, Costa Rica has been one of...
    TCRN STAFFhttps://www.TheCostaRicaNews.com
    Creating a Conscious alternative news network that we feel the world needs. Pura Vida!

    The Costa Rica News (TCRN) – Good news: You’ll pay less for vehicle registration (marchamo) in 2015 because reductions are expected in two of its major components.

    The label has a number of components that determine the final cost: property taxes (calculated by the Ministry of Finance), the Compulsory Automobile Insurance (approved by the Superintendent of Insurance SUG) and amounts allocated to the Board of Public Transport (CTP), the Road Safety Council (Cosevi), and a fee for the budgetary authority (ARESEP).

    In early October, Sugese approved a 9% reduction in insurance premiums for private cars, placing insurance at 18,975 colones by 2015 (a reduction of 1,881 colones). However, this is not the only reduction that will be seen by March 2015.

    One of the main determinants of property tax, which accounts for almost 70% of the cost is taxable value on the vehicle. According to information provided by the Directorate General of Taxation, the vast majority of vehicles will have a reduction in the Valuation Index by -4.79%.

    The “Index Valuation” is determined by the behavior of the inflation rate, an annual car depreciation of 10% and the rate of change of the tax burden affecting imports. Additionally, there is the minimum tax amount, which went from ¢ 24,700 to ¢ 26,000. (Crhoy)

    The Costa Rica News (TCRN)

    San Jose, Costa Rica

    - Advertisement -
    - Advertisement -

    Latest News

    How To Take Care of Your Skin To Avoid Wrinkles

    Let's take care of the skin with daily routines and easy to do at home to avoid wrinkles. Having healthy skin is not impossible, you just have to put into practice some simple tips so that you have wrinkle-free skin

    The Costa Rica News is Here for Entrepreneurs; Difficult Times are Overcome with Solidarity: “Yo Soy Costa Rica”

    The great family at The Costa Rica News put to service the best of its essence: to provide entrepreneurs with our full support amidst the adversity caused by the Coronavirus Pandemic

    Opportunities for Costa Rica during the Pandemic: Tourism

    From a health point of view, Costa Rica has been one of the countries in the world...

    Costa Ricans Will Greatly Benefit With the Generation of Solar Energy Thanks to New National Regulations

    To boost the energy sector and streamline its processes, the Ministry of Environment and Energy (MINAE) has...

    Historical Architectures of San José in Costa Rica

    Over time, these buildings became historical architectures and architectural heritage of our country, get to know them
    - Advertisement -

    More Articles Like This