If you did not pay the vehicle ownership tax in time, we have bad news: from January 1st, interests will apply due to the delays.
In addition to the interests, if the Traffic Police surprises you without the document, it can also fine you and you will have to pay 51,316 colones. Furthermore, they can remove the plates of the car.
Since November 1st the National Insurance Institute (INS) started to collect the tax. However, as every year, not all owners paid it on time.
For every day that passes without paying the tax, you shall pay 0.030% for the Compulsory Automobile Insurance (SOA) and 0.036% for the tax vehicle ownership, but that depends on the brand and model of the vehicle.
From the money you pay for the license, 69.3% corresponds to the vehicle ownership tax of the Ministry of Finance.
In addition, the SOA is 18.5%. This year, the insurance increased for all vehicles.