COSTS OF PURCHASE
Costs vary from 8% to 9%
a. Real Estate Agent´s fee = 3% plus taxes (22%) = 3.66%
b. Notary Public’s fee = 3% plus taxes = 3.66%
c. Registrations, certificates and other records = U$S 300 approx.
d. ITP tax = 2% of the fiscal tax.
The fiscal tax is usually much lower than the sales tax.
COSTS OF SALES
a. Real Estate Agent´s fee = 3% plus taxes (22%) = 3.66%
b. ITP tax = 2% of the fiscal tax. The fiscal tax may be 50% to 12.5% of the sales tax.
c. Income Tax: 12% of the difference between the value of purchase and the sales tax.