Guatemala: Initial Vehicle Registration Tax

With COMIECO’s elimination of tariffs on vehicle imports, the First Registration Tax (Iprima in Spanish) on automobiles will be applied.

Wednesday, May 16, 2012

Sergio de la Torre, The Minister of Economy announced that now "Iprima can come into effect".

The official version, according, reads: "The Iprima was created with decree 10-2012, Tax Update Act to replace the import tariffs on vehicles, and the Ministry of Finance argues that the Iprima will eliminate discretion and gives legal certainty in order to define the basis for calculating the tax. "

However, importers of used vehicles announce the introduction of a constitutional challenge, because, says Nelson Elliott, executive director of the Union of Importers of used vehicles, this new tax will squeeze out used car imports.

The Iprima decree establishes the limitations on import vehicles. Subsection c) prohibits the entry of vehicles that are damaged and prohibits their circulation.

The Iprima taxes at rates ranging from 5% to 20% ground vehicles imported into the country, or those assembled in the national territory. Freight transport, with maximum load greater than 2.5 tonnes, tank vehicles, refrigerator trucks and garbage collectors are taxed at 10%, as opposed to the 5% paid currently.

More on this topic

Incentive to Import Electric Cars

December 2019

As of January 2020, electric vehicles imported into El Salvador and Honduras will be exempt from the import duty, which was 30% in El Salvador until now.

The measure, which will be applied in both countries, was approved at the session of the Council of Ministers of Economic Integration (COMIECO), held in El Salvador on December 5 and 6.

Panama: Zero Tariff for Soybean Oil

January 2014

Oil in containers measuring from 1.7 to 2 liters can enter Panama duty-free for a year.

Through a Cabinet Decree, the Panamanian government has removed the tariff, for one year, on imports of soybean oil in bottles of 1.7 liters and 2 liters. It is established that other refined oils will incur a 10% tariff.

Guatemala to Import 16,000 Tons of Rice

May 2012

An authorization by the Council of Ministers of Economic Integration for the duty free imports will be in force until December 31, 2012.

From resolution 286-2012 by the Council of Ministers of Economic Integration (COMIECO):


1. That in accordance with Article 38 of the Protocol to the General Treaty of Central American Economic Integration Protocol of Guatemala, as amended by the amendment of February 22, 2002, and 6, 7 and 22 of the Convention on the Tariff and Customs Regime it is the responsibility exclusive of this forum, to direct and administer the Tariff and Customs Regime as well as approve and amend the Import Tariff Rights contained in the Central American Import Tariff;

Nicaragua Imports Duty Free Maize

August 2011

8.000 metric tons of yellow corn will enter the country duty free.

Due to shortages, a Ministerial Decree N 028-2011 establishes an import quota of yellow corn shortage equivalent to 8,000 metric tons, classified under tariff item 1005.90.20.00 of the Central American Tariff System (SAC), which will apply a tariff to import (DAI) of zero percent, 0%.