The finance copilot for your business
Marchamo: how much to set aside each month
The marchamo (annual vehicle circulation fee) is paid every year between November and December, and for a business with vehicles it is one of the big year-end expenses. Work out how much to set aside each month to pay it without touching December's cash.
Calculate
- Set aside each month
- ₡20,000
- Still to gather
- ₡240,000
Indicative calculation under current rules; it does not replace professional advice or an official figure.
How it is calculated
The marchamo bundles the vehicle property tax, the mandatory INS auto insurance and other stamps; the exact amount is published by INS and Hacienda every year based on the vehicle's fiscal value.
Take last year's amount (or the official figure when available), subtract what you have already set aside and divide the rest by the months left.
With several vehicles, add the amounts and use the total.
Example
Example: a ₡240,000 marchamo with twelve months ahead is covered by setting aside ₡20,000 a month.
Banker sets aside the marchamo every month automatically and warns you when it falls short. Create account
Frequently asked questions
When is the marchamo paid?
The payment window opens on 1 November and closes on 31 December. Paying late adds fines and interest and the vehicle may not circulate.
Where do I check the exact amount?
On the INS website and on authorised payment platforms (banks and retailers) from November, using the plate number.
Is the marchamo deductible for the company?
The property tax on business-use vehicles is usually deductible; confirm with your accountant based on the vehicle's use.