Costa Rica offers tax breaks for energy-efficient cars

The Costa Rican government plans to reduce the taxes paid by energy-efficient and low-emission cars. This tax break will cover hybrids, electrics, and those that are powered by biofuels such as ethanol. Automobiles in Costa Rica currently pay between 35% to 53% worth of consumption tax. The tax rate varies based on the car type, engine size and model.

Friday, April 18, 2008

The draft of the executive decree is now being reviewed by the Ministry of Energy and the Environment (MINAE), Costa Rica’s EPA, and will then be reviewed by the Ministerio de Hacienda - similar to the IRS. Julio Matamoros, the MINAE vice minister informed La Nación that the tax reduction will apply to new and used cars and some models may become totally tax free.

More on this topic

Costa Rica: Exemptions for electric vehicles postponed

May 2008

Incentives to buy cars that use environmentally friendly fuels will have to wait at least another two months. Measures that would exempt such cars from taxes are moving forward, but very slowly, as is the tightening of restrictions allowing old foreign cars into the country.

Both are possible solutions for lowering pollution.

More Hybrid Cars in Costa Rica

February 2015

The tax exemption enjoyed by these vehicles is one of the factors driving their sales in the country, where three agencies are now marketing them and two are preparing their market entry.

Dealerships that have ventured into selling hybrid vehicles in recent years say the rise in sales is mainly due to these types of cars being exempt from vehicle restrictions in force in the country and because they only pay 10% of the selective consumption tax instead of 30% paid by conventional vehicles.

Grupo Q opens region's largest auto service center in Costa Rica

May 2008

Grupo Q of El Salvador opened Central America's largest automobile service center in Costa Rica. The 1,555 square meters center can handle 15 vehicles at a time, but plans are already afoot to expand capacity.

The new center forms part of an expansion strategy that was launched five years ago when Grupo Q acquired Lachner & Sáenz.

EPA Inaugurates its Third Store in Costa Rica

November 2009

The Venezuelan chain of hardware stores will open its third store next week, in the province of Heredia.

It is located in San Antonio de Belén, across the street from shopping mall Real Cariari.

"This company entered the country in 2004, when it bought a lot in Curridabat to build its first store", reported Elfinancierocr.com.

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Evar Investment Group

Consultancy, management and sale in the fields of energy efficiency, energetic saving and renewable energies.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (507) 6529-3229

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