Tax Incentive for Second-Hand Electric VehiclesIn Costa Rica, the government approved a decree that exonerates from the payment of the selective consumption tax to second-hand electric cars that are 5 or less years in service.Thursday, November 8, 2018
To encourage the use of electric vehicles in the country, the Alvarado administration signed the Executive Decree 41426-H-MINAE-MOPT, which grants a fiscal benefit to second-hand electric vehicles whose antiquity is equal to or less than 5 years from the year of its model. Source: Nacion.com Do you need more information about your business sector?Request more information: Need assistance? Contact us
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Electric Cars: Tax Benefits ExtendedJanuary 2020 In Costa Rica, the Ministry of Finance decided to extend the deadline by 24 additional months so that the import of hybrid and electric vehicles can be done at reduced rates and in some cases without paying taxes. Bureaucracy and Electric CarsAugust 2018 In Costa Rica, the law on incentives to import these types of vehicles has been in force for six months, but agencies are not able to take advantage of the exoneration because the Treasury has not yet adapted its customs computer system. Tax Exemptions for Electric Vehicles Comes Into EffectMay 2018 The regulation that grants tax benefits on imports of electric cars has come into force in Costa Rica, and according to agencies it will help final prices to fall between $5 thousand and $10 thousand per unit. Exemptions for Electric VehiclesFebruary 2016 In Costa Rica a new bill under analysis aims to make imports of hybrid and electric vehicles exempt from sales, selective consumption and customs duties taxes.
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