If you are going to buy a new car, you will pay more taxes in 2022

If you are going to buy a new car, you will pay more taxes in 2022

What is the New Car Tax (ISAN)?

It is a federal tax that is administered by the state and that is contemplated in the New Automobile Tax Law, and that taxes the sale of new automobiles for the first time to the consumer or the definitive importation of automobiles into the country.

Percentages and who should pay it

All individuals and corporations who acquire a new car must pay the ISAN, however, the fees vary depending on the value of the vehicle.

In accordance with the provisions of the Ministry of Finance and Public Credit (SHCP), the quota for people who acquire a car of between 312,163 pesos and 375,795 pesos, will be 6,263 pesos in 2022.

Vehicles that exceed 375,795 pesos and up to 438,428, must pay 9,394 pesos of ISAN.

Now, if the car to be purchased goes from 438,428 pesos to 563,693 pesos, the fee is 15,658 pesos. If the last figure is exceeded, the amount of the ISAN will increase to 34,447 pesos.