Hacienda corrects fiscal value on 20% of vehicles
December 7th, 2012 (InsideCostaRica.com) After unexpectedly raising the fiscal values of 70% of vehicles in Costa Rica last month, The Ministry of “Hacienda” (Treasury Department) now says that it made a “mistake” when calculating the value of some 20% of the total vehicles in the country. The fiscal value of a vehicle is used to calculate the annual “Marchamo” (vehicle property and road tax) payment, which must be made before January 1st. The increase saw some motorists’ Marchamo payment costing up to three times more than it did previously.
Marietta Montero, Director of Administrative and Tax Assessments, said that they have now issued corrections to the fiscal value of some 20% of the vehicles in the country, after realizing there were “problems” in the way the new values were calculated for those vehicles, causing their values to be inflated.
As of yesterday, motorists who disagreed with the new valuations of their vehicles had filed a total of 385 claims.
Though initially, “Tributacion” (Tax Department) stated that the study performed to determine the new fiscal values was performed without error, and firmly denied the chance of any mistakes, the department has now been forced to back peddle those statements after importers and motorists have clearly demonstrated inconsistencies.
If you have already paid your “Marchamo,” and the fiscal value on your vehicle has now been lowered, you must go to the “Tributacion” offices to request a refund of the difference.
In order to find out whether the fiscal value on your vehicle has changed, you may follow this link: http://www.hacienda.go.cr/autohacienda/autovalor.aspx .
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