Panama: Changes to Car Tax

As of March 1st taxes to vehicle circulation will come into effect.

Tuesday, January 4, 2011

The new tax was approved last December states that the amount to be paid would be determined by the value of vehicle at the time of registration.

"Following the announcement, criticism grew………….. Mayor, Jose Isabel Blandon, said that now the new tax will be paid according to the depreciation of the car," reported Prensa.com.

More on this topic

Costa Rica: More Taxes to Fund Urban Railway

March 2017

A proposal has been made to raise the "Marchamo" (vehicle ownership tax) and selective consumption tax on vehicles in order to finance the construction of the modern train system which the Solis administration insists on implementing.

Despite the fact that last year proposals very similar to this were rejected in the Legislative Assembly, the Solis administration insists on raising funds to finance the construction of a modern train for the Greater Metropolitan Area.

Costa Rica: Taxable Value of Used Vehicles Under Question

November 2014

Used car importers argue that the Treasury is using the 2015 value of cars as a reference price when establishing the value of used vehicles.

The Costa Rican Chamber of Automotive Companies and deputies from the Libertarian Movement have filed an lawsuit and asked to meet with the Ministry of Finance to complain about the methodology being used to calculate the taxable value of used cars.

Car Imports Fall Due to Taxes

February 2013

Last January there were 3829 vehicle imports in Guatemala, 2,544 fewer than in the same month of 2012, in which 6,373 units were imported.

"In the case of used vehicles the drop reaches 45%, going from 4,238 units in January 2012 to 2351 during the first month of 2013", noted an article in Elperiodico.com.gt.

Guatemala: Initial Vehicle Registration Tax

May 2012

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

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

The official version, according Prensalibre.com, 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. "

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