{"id":2364,"date":"2013-12-12T14:16:38","date_gmt":"2013-12-12T14:16:38","guid":{"rendered":"http:\/\/colombia.escapeartist.com\/?p=1766"},"modified":"2020-09-10T11:31:03","modified_gmt":"2020-09-10T15:31:03","slug":"driving-in-colombia-part-3","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/driving-in-colombia-part-3\/","title":{"rendered":"Driving in Colombia – Part 3 – Taxes and Insurance"},"content":{"rendered":"

Driving in Colombia – Part 3 – Taxes and Insurance<\/strong><\/h2>\n

Driving in Colombia – Part 1<\/a>\u00a0 :\u00a0 <\/strong>Driving in Colombia – Part 2 – What is a RUNT? ; <\/a><\/strong>Driving in Colombia – Part 4 -The Road ”Test”<\/a><\/strong><\/p>\n

There are a series of costs associated with owning\/driving a vehicle in Colombia.<\/p>\n

The first is called SOAT or Seguro Obligatorio de Accidentes de Tr\u00e1nsito<\/b><\/em>. This is a mandatory, annual insurance required for all vehicles traveling within Colombia. The cost is relative to the type of vehicle (motorcycle, car, SUV) as well as the model and number of cylinders.<\/p>\n

This insurance covers personal injuries to people in a traffic accident in the following aspects :<\/p>\n

Medical, surgical, pharmaceutical and hospital expenses.
\nPermanent disability.
\nDeath of the victim.
\nFuneral expenses.
\nTransport costs and mobilization of victims.<\/p>\n

There are limits to the coverage of SOAT . When\u00a0 they are exceeded\u00a0 these costs should be paid by the person responsible for the accident or vehicle insurance . Generally as a foreigner,\u00a0 you should carry the highest possible coverage\u00a0 because in cases like this you could easily become the victim of an excessive claim.<\/p>\n

The second cost you must pay annually is a tax on your vehicle. Usually there is a period between January and the end of February \u00a0where a 10% discount is offered for an early payment. For 2013, the payment period was until July 12. After that date a late penalty is applied of 134.000 COP. Note that the dates vary slightly from year to year.<\/p>\n

The tax is determined with this formula. \u00a0You can obtain this information and the necessary form from your local Transito office and it can be paid there or in a bank.<\/p>\n

If the value of your vehicle is \u00a0:<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 From\u00a0 1.000.000 to 37.000.000 , the tax is 1.5%<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 From 37.000.000 to 87.000.000, the tax is 2.5%<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 From 87.000.000 and up, the tax is 3.5%<\/p>\n

The other small tax that you will pay annually is called Semaforizacion<\/em>. Basically this is a payment that supposedly contributes to the maintenance of the street lights in the city where your vehicle is registered. In Medellin for 2013, it was just under 30.000 COP.<\/p>\n

I hope you are getting value from this 4 part series on Driving in Colombia-<\/strong>Taxes and Insurance<\/strong><\/p>\n

If you have any questions regarding residency in Colombia, please contact our office HERE<\/a>.\u00a0 Also, If you’ve read this article, you will enjoy the 3 that accompany them:<\/strong><\/p>\n

Driving in Colombia – Part 1<\/a>\u00a0\u00a0<\/strong><\/p>\n

Driving in Colombia – Part 2 – What is a RUNT?; <\/a><\/strong><\/p>\n

Driving in Colombia – Part 4 -The Road ”Test”<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Driving in Colombia – Part 3 – Taxes and Insurance Driving in Colombia – Part 1\u00a0 :\u00a0 Driving in Colombia – Part 2 – What is a RUNT? ; Driving in Colombia – Part 4 -The Road ”Test” There are a series of costs associated with owning\/driving a vehicle in Colombia. The first is called […]<\/p>\n","protected":false},"author":213,"featured_media":35360,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[91,199,388,406],"yst_prominent_words":[9617,26691,26690,7405,5366,8406,20192,3970,19912,14851,2562,26692,19922,7974,19913,2131,3477,26688,4507,17794],"acf":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.escapeartist.com\/wp-content\/uploads\/2013\/12\/crash-1308575_1280.jpg","_links":{"self":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/2364"}],"collection":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/users\/213"}],"replies":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/comments?post=2364"}],"version-history":[{"count":6,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/2364\/revisions"}],"predecessor-version":[{"id":41308,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/2364\/revisions\/41308"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/media\/35360"}],"wp:attachment":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/media?parent=2364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/categories?post=2364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/tags?post=2364"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/yst_prominent_words?post=2364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}