Can someone please tell me what do they look at, the date the vehicle was manufactured or do they look at the date on the vehicle’s title?
VIN #
Can someone please tell me what do they look at, the date the vehicle was manufactured or do they look at the date on the vehicle’s title?
It’s the model year. You have until June 30 of the 6th year to land and process the car. In other words, a 2015 vehicle has to be processed and released before June 30, 2021.Can someone please tell me what do they look at, the date the vehicle was manufactured or do they look at the date on the vehicle’s title?
Is it the same rule for pickup's or are they in another category. Also are they under the 30 year rule for classics?It’s the model year. You have until June 30 of the 6th year to land and process the car. In other words, a 2015 vehicle has to be processed and released before June 30, 2021.
I believe they’re the same as far as 5 yr rule. No clue about classics.Is it the same rule for pickup's or are they in another category. Also are they under the 30 year rule for classics?
Thanks. My wife is Dominican. If she puts the ATV in her name, does she pay less in taxes? Must it be in her name for a certain amount of time here in the states before shipping to the DR?It’s the model year. You have until June 30 of the 6th year to land and process the car. In other words, a 2015 vehicle has to be processed and released before June 30, 2021.
To get the one time discount, the Dominican must live abroad and qualify as a “returning Dominican”. They have to prove (with passport/immigration records) that they haven’t been in DR more than 6 months in the prior 2 years/24 months. The car must be in her name at least a year.Thanks. My wife is Dominican. If she puts the ATV in her name, does she pay less in taxes? Must it be in her name for a certain amount of time here in the states before shipping to the DR?
Classics need to be over 30 yrs. old, and must meet certain requirements to be admitted. Classics pay a flat $3000 dollar tax.I believe they’re the same as far as 5 yr rule. No clue about classics.
Classics need to be over 30 yrs. old, and must meet certain requirements to be admitted. Classics pay a flat $3000 dollar tax.
Correct, they need to be over 30 years old to qualify. I imagin the taxes on your 2003 would be through the roof!My Classic 2003 E500 was going to be too much, even with some help from the local classic collectors club.
The OP is best served buying the car here, given is a 2016 model. Can find good deals on newer used models and less headaches.
Correct, they need to be over 30 years old to qualify. I imagin the taxes on your 2003 would be through the roof!
Yes, that is exactly what I am saying...........that is, if you wish to utilize the tax concession given to a returning Dominican.
Respectfully,
Playacaribe2
As to question 1, unless it has changed recently, to avail yourself of the residency exemption, the vehicle must have been owned and registered to you for the prior two years before landing at the port.I am considering my options for bringing a vehicle from the US as part of a residency shipment.
Sorry, but to clarify my understanding, I have 2 hypothetical questions please:
1) If I walk into a dealership in Miami today (6/8/2021) and pay CASH for a car, would I have to wait until 6/8/2022 before I can ship it ?
2) If I got a car with a loan in 12/2019, then pay off the lien today (6/8/2021), would I have to wait until 6/8/2022 before I can ship it ?
Many thanks 🚗
Playacaribe2 - MANY thanks for all the great information.As to question 1, unless it has changed recently, to avail yourself of the residency exemption, the vehicle must have been owned and registered to you for the prior two years before landing at the port.
As to question 2, no. That vehicle would be eligible in 12/21.
The answers above are applicable for new residents only.
You can ship a vehicle, without the residency exemption, no matter when you bought it............as long as it adheres to the 5 year rule.....and you pay the hefty taxes.
You can also take advantage of the severely reduced taxes, with/without residency, by shipping a fully electric vehicle (no hybrids).
I have 11 Nissan Leafs landing for a client later this month, and between Ley 103-13 (electric vehicle importation law) and the tourist project exemption law, there are literally no taxes due...........just the usual propinas.
God luck.
Respectfully,
Playacaribe2
How does a foreign resident obtain the one car tax waiver when buying a car within DR ?
1) Before importing a car with the residency exception, do I need to have owned it for 1 year, or 2.
Yes. Your wife will receive a greater deduction.2) Is there a TAX DIFFERENCE between:
a) Bringing car as part of a residency shipment (e.g. me)
b) Bringing car as returning Dominican National (e.g. my wife)
3) Can we both bring 1 car? (and then sell one of them?)
Importing means you know the car well. No guesswork as to whether it is a good car with true miles and/or whether it has been properly maintained. I have never had an issue getting insurance for any cars I have shipped there.We currently each have 2 cars with liens. 2018 Kia Soul. 2017 Mazda 3 wagon. Owe about $10k US on each one.
For the DR I would prefer to have something more like a RAV4 or CR-V ( for a little more cargo space)
Our Dominican friends here in Texas keep telling us we should import a car to the DR. But, I'm leaning towards buying a car when we arrive in the DR.
Also I saw a recent YouTube video where a lady had moved back to DR with a car but was unable to get Comprehensive auto insurance in the DR.
So I am worried about dumping maybe $25k USD into a vehicle in the US, paying about $1000 ship it, then some other fees/duties when it arrives (hopefully avoiding most due to residency exclusion), and then maybe not being about to get Comprehensive insurance.
And then there is the need to have owned it for TWO YEARS ??
Verses buying a slightly older car (e.g. 2010+) from a reputable source in the DR.