If you're thinking about getting a new car, especially if it is electric vehicles , do you know that there are benefits and possible exemptions that can cover your personal sphere? Yes, this time we are referring to you and not your company.
Tax incentives have a significant bearing on our budget and, for this reason, we must make our choices based on promoting tax efficiency.
This time, we want to support you in achieving this efficiency, through a tax benefit associated with the acquisition of electric vehicles. In fact, this type of support is not limited to the purchase of vehicles by companies, but also by private individuals.
Electric Vehicles, The Benefits
Using as an example, Mário wants to buy a new vehicle and, after finding out about the benefits he can enjoy, he can obtain excellent savings.
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This incentive is aimed at individuals who intend to purchase an exclusively electric vehicle, in new condition. . In summary, we have the following monetary benefits for electric vehicles:
| Description | natural people | Companies |
|---|---|---|
| Light Passengers | 3000 € | €4000 |
| Light Goods | 3000 € | 3000 € |
| Bicycles, Motorcycles, Electric Mopeds and Cargo Bikes | 50% — limit up to €350 | |
| conventional bicycles | 10% — limit up to €100 |
However, note the following:
- A person can only benefit from this incentive on a single purchase;
- You will have to keep the vehicle for a minimum period of 24 months;
- You cannot export these vehicles;
The attribution request must be submitted, by filling out a form, on the Fundo Ambiental website. Incentives are limited by the allocated funds and will be ordered according to the date of application.
But that's not all. Regarding the exemption from ISV and IUC , there are also some peculiarities that could influence your choice. Let's see:
- Exclusively electric cars: they are completely free of ISV and IUC.
- Imported used from the European Union: Pay no tax;
- Imported outside the European Union: They still do not pay ISV and IUC, only paying customs fees with the vehicle transaction.
- Hybrid or plug-in hybrid cars:
- IUC: They are not tax exempt.
- Used new or imported ISV: Normal hybrids pay 60% of the ISV and plug-in hybrids pay 25% of the value.
Practical case: Mário wants to save when buying his new car
Therefore, Mário decided to buy an exclusively electric vehicle. The car in question cost around 60 000 euros. As he was properly informed, he ended up enjoying the tax benefits presented below. In a conversation with his longtime friend, Damião, he decided to tell him about the savings he obtained with this acquisition!
Damião was intrigued, as he is preparing to acquire a hybrid Diesel vehicle, in the amount of 57 200 euros, and he didn't know about these benefits. It was then that Mário shared the following table with his friend, to support him in the purchase process:
| Description | Benefit | ISV | IUC |
|---|---|---|---|
| electric vehicles | 3000 € | Free | Free |
| hybrid vehicles | There is not | Subject to 60% of the value | Subject |
| Plug-in hybrid vehicles | There is not | Subject to 25% of the value | Subject |
| Diesel/Gasoline vehicles | There is not | Subject | Subject |
It is in fact visible, also in the private sphere, the tax savings inherent to the decision for a certain type of vehicle, in this case electric vehicles. Concern for the environment seems to be at the forefront and this is reflected in the tax benefits in force.
Article available at UWU.
Car Taxation. Every month, here at Razão Automóvel, there is an article by UWU Solutions on automobile taxation. The news, the changes, the main issues and all the news around this theme.
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