The marchamo is an insurance tax on your car. The marchamo funds the Obligatory Insurance for Motor Vehicles (SOA). The objective of the SOA is to insure people who are injured in car and motor accidents.
It must be paid by December 31 of each year. It cannot be paid before November 15th.
The National Insurance Institute (INS).
This information is only available after November 15th
The INS enables more than two thousand establishments to receive payments throughout the country.
These include all financial institutions as well as the following authorized collectors:
1. If you’re stopped by traffic police, your license plate will be removed from your car. To get the license plate back you have to present the following requirements HERE. If you’re stopped again by traffic police, driving without a license plate they will take your car. To get back your car you can follow the instructions HERE.
2. You will also pay an additional 10% fine of the marchamo for each month the payment is late.
The car owner must apply to the Ministerio de Hacienda in person, or online on the website, link HERE.
The marchamo calculation is based on car value. Last year, the most expensive car model was a 2018 Porsche that paid ¢ 8.8 million.
The cheapest car model was a 1973 Ford, that paid ¢ 66 thousand last year.
If you already have the money and are used to paying it this way, it is the best.
This is an interest free loan. Check with your credit card provider for this possibility and restrictions.
You can take out a loan with your financial institution.
For cases in which the vehicle was recently acquired or registered, or has undergone a change in the type of license plate and the information of the amount to be paid is not visible online, you should go to an authorized collection office of the INS.
You must submit the following documents:
With these documents you would proceed to make the change in the INS system and therefore be able to make your payment with the new license plate number.
Yes, the registration numbers of vehicle corresponding to disabled people are the D plates, delivered by the National Registry, as of 2004.
It is paid in the same way as any other car.
Paste the sticker on the top right hand corner of your car. Be sure that the side with information is visible from the outside.
The car owner can request a duplicate at any INS office, presenting the sticker in poor condition.
The Mandatory Automobile Insurance changes annually according to the accident rate (risk and expenses incurred at the time someone suffers a traffic accident).
The amount of the SOA is calculated by the General Superintendence of Insurance.
Through this insurance, victims of traffic accidents have coverage of up to ¢6 million per injured person.
The benefits that the SOA provides are:
It must be reported to the INS within 10 business days of the event.
- You must provide the names and qualities of the people affected and the traffic card or, failing that, the license plate number of the vehicle that participated in the event.
The INS has 24 regional medical centers throughout the country, which provide basic medical-surgical assistance to people who are victims of a work or traffic related accident.
The opening hours are from 8:00 a.m. at 5:00 p.m.
It also has extensive facilities in the INS Health Medical Complex, located in La Uruca, (How to get there, click HERE ) in which, external consultation services, hospitalization and rehabilitation services are provided.
What does INS do with the money that it collects from the marchamo?
|Marchamo breakdown||Total percentage|
|Vehicle ownership tax to Hacienda||65,6%|
|Mandatory Automobile Insurance (SOA)||19,7%|
|National Road Council||6,1%|
|Various legal stamps||3,9%|
|Public Transport Council||2.4%|
|Regulatory Authority of Public Services||0,8%|