location.href = 'https://boquete.ning.com/';

If you currently own or are thinking about buying a new or used vehicle please read the link

Vehicle registration fees are going up

Car valued at $15K or under will now pay $100

Cars between $15K-$50K will now pay 1% of the value

Cars over $50K-$85K will pay 1.25% of the value

Cars over $85K will pay 1.5% of the value

Imported used cars will pay $500 and luxury cars will pay 2% of the value- this cost is only paid once. This is a significant increase from $10 and 1%

http://www.prensa.com/in_english/Aumenta-registro-vehicular-segunda-Panama_21_4665493413.html

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Replies

  • All I have to add is, things are changing here for sure. Increase in taxes, decrease in benefits, etc.

    Not going anywhere, but this is not the place to come if the #1 priority is to reduce your cost of living.
  • Are they raising the fee on ships registered in Panama?

    That would hurt.

  • The article says those fee increases apply to imported vehicles.  If I bought a Toyota from Ricardo Perez in Panama, is that considered an imported vehicle?  Panama does not manufacture cars, so every car here is imported at some point.  Does the increase apply only to cars individuals import, or to all cars?  It is not clear.

    • As far as I know all vehicles in Panama are imported
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