Vehicle Owners in Norte de Santander Can Secure Five-Year Tax Break with Department Registration
Cúcuta, Norte de Santander – Vehicle owners who officially register their cars in the department of Norte de Santander are now eligible for a 40% discount on their annual vehicular tax for a period of five years, a new incentive aimed at boosting departmental revenue and attracting vehicle registration.The offer, announced by local authorities, applies to all vehicle types and model years, with the tax calculation based on the vehicle’s model year, cylinder capacity (CILITRAJE), and official commercial value as resolute by annual tables.
This initiative directly impacts current and prospective vehicle owners in the region, perhaps saving them a significant amount on their annual tax obligations. The program is designed to encourage vehicle registration within Norte de Santander, increasing the department’s tax base and funding local infrastructure projects. Failure to pay the vehicular tax, even with the discount, carries consequences including accruing fines, economic sanctions, and potential embargoes on bank accounts, vehicles, or other assets.
The amount of vehicular tax owed is determined by three key factors: the vehicle’s model and year-newer models generally incur higher taxes; its cylinder capacity, with larger engines resulting in increased tax liability; and the vehicle’s official commercial value, established annually thru official departmental tables.
Non-payment of the vehicular tax results in accruing fines and economic sanctions after the payment deadline. Prolonged delinquency can lead to legal repercussions, including the potential for embargoes placed on bank accounts, vehicles, or other personal property to settle the outstanding debt.
