BILL No. 23761: LAW OF TAX ON MOTOR VEHICLES, BOATS, AIRCRAFT, MOTORCYCLES, AND SELF-PROPELLED MACHINERY.

It is true that many of us have heard comments about the unique phenomenon in Costa Rica, where vehicles seem to increase in price, especially when we have to pay the annual road tax (known as “marchamo”) at the end of each year.

This bill aims precisely to eradicate this valuation problem that we face in our country. The intention is to implement measures that counteract the positive revaluation of vehicles and provide greater certainty in the calculation of taxes, seeking to establish a fairer and more transparent system for taxpayers. With these actions, it is expected to correct this perception and improve equity in the process of determining values and tax rates related to vehicles.

Therefore, the main objective of this bill is to counteract the phenomenon of positive revaluation of vehicles that has been occurring due to the current index application. At the same time, it seeks to provide greater legal certainty to the taxpayer by establishing clear rules regarding each of the structural elements of the tax on motor vehicles, boats, aircraft, motorcycles, and self-propelled machinery.

With these measures, the aim is to improve the efficiency and transparency of the tax system, ensuring a proper balance between the amount of taxes and the real value of vehicles and machinery.