Importing a car from the U.S. for example into Costa Rica involves several steps and fees, including import taxes, customs procedures, and registration. Here’s a breakdown:
1. Import Taxes
- Import Duty: Costa Rica imposes a duty based on the vehicle’s value and age:
- Less than 3 years old: 52.29% of the car’s value.
- 4-5 years old: 63.91% of the car’s value.
- Over 6 years old: 79.03% of the car’s value.
- Selective Consumption Tax: This varies depending on the car type and engine size, typically between 30% and 40%.
- Value Added Tax (VAT): Set at 13% of the CIF value (Cost, Insurance, and Freight), plus the import and selective consumption taxes.
The car’s value for these taxes is determined by the Ministry of Finance using its own valuation tables, which might differ from Kelley Blue Book or U.S. market values.
Here is a link to calculate the costs: https://serviciosnet.hacienda.go.cr/AutoHacienda/
2. Shipping and Freight Costs
- Shipping a vehicle from the U.S. to Costa Rica generally costs between $800 and $1,500, depending on the shipping method and port of departure. Popular Costa Rican ports are Puerto Limón and Puerto Caldera.
3. Inspection and Registration Requirements
- Technical Inspection (RITEVE): All imported vehicles must pass Costa Rica’s vehicle inspection for safety, emissions, and mechanical standards.
- National Registry and License Plates: After clearing customs, you’ll register the vehicle with the Registro Nacional. Registration fees vary based on the car’s value and age.
4. Required Documents
- Original title and Bill of Sale, proving ownership.
- Shipping manifest, Bill of Lading, or Air Waybill.
- Any other documents required by the customs agency in Costa Rica.
5. Customs Broker Assistance
- Hiring a customs broker is often advisable to simplify the process, as they can handle paperwork, valuation, and help navigate the tax and registration processes. Their fees typically range from $200 to $500.
6. Exemptions and Recent Legislation
- Recent Costa Rican legislation may offer tax-free import incentives for new residents or retirees relocating to Costa Rica, which can waive import duties on one vehicle. Be sure to confirm this with an official or a customs broker, as eligibility and procedures for these exemptions may vary.