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Import tax - Please confirm

8 years ago
This has likely been discussed, but I’m asking again to confirm that my understanding is correct. If so, it makes CR drop a lot further down on my list of desirable destinations.

This is my understanding:
If I move to Costa Rica, with eventual residency in mind) and ship my remaining personal belongings, all used, from my country of origin, it’s likely I’ll end up paying up to 100% of the NEW value of said items in import taxes (based on C.I.F.). Additionally there’s the cost of shipping + insurance. Is this correct?

Although I have gotten rid of most of the items I owned, I still have a “container’s worth” of books, movies, etc. 99,9% of these items have been in my possession for 1 – 30 years, and I don’t have receipts for anything over 3 years old.

I understand the government of CR is eager to get some tax money, but budgeting for what amounts to purchasing all my stuff over again, seems harsh. (Again, keep in mind that this is stuff I’d *really* like to keep.)


Cheers,
Tore

William Russell
William Russell

SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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