Supply Chain Insights

Simplifying Vehicle Importation in Costa Rica: Key Updates Under Executive Decree No. 44712-H

On November 6, Costa Rica introduced significant changes to its customs procedures through Executive Decree No. 44712-H, which eliminated tax classification categories for vehicle imports. This reform simplifies the process, making tax calculations solely based on the vehicle's declared invoice value. The previous classification system, which often led to confusion or discrepancies in tax determination, has been abolished.

Applicable Tax Rates

  • Vehicles up to 5 years old: A tariff of 48.03% applies to the declared value.
  • Vehicles older than 6 years: A tariff of 68.37% is charged.
  • Key Impacts of the Reform

    • Increased Transparency: The reform ensures a more predictable and consistent taxation process for both importers and the tax authority.
    • Streamlined Procedures: Aligns with Costa Rica's modernization goals for fiscal and customs systems.
    • Customs Inspections: The TICA system remains in effect, assigning vehicles to categories for inspection:
      • Red: Both physical and document inspections.
      • Yellow: Document-only inspections.
      • Green: No inspection required.

    These changes aim to enhance efficiency in importing goods while reducing administrative burdens. Importers are advised to ensure their documentation is accurate, as the declared invoice value is now the sole determinant for tax calculation.

    馃搫 Download Circular MH-DGA-CIR-0044-2024 (PDF)

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