Buying a new car can get more expensive

Anonim

WLTP. As of September 1, a new method of calculating CO2 emissions (WLTP – Worldwide Harmonized Light Vehicles Test Procedure) will come into force. It may increase the value of taxes associated with cars and, consequently, influence their final price.

This means that, with this new form of calculation that is expected to be more accurate, measured and declared CO2 emissions will be expected to be higher. Consequently, the ISV and the IUC will increase, because they consider that variable in the calculation of the tax payable.

In order for you to understand how this new emission standard could affect the purchase of your car, we have prepared a practical example.

Alexandre's new car

Alexandre intends to buy a passenger car today. This acquisition is subject to vehicle tax (ISV), which is payable once, when the national registration number is registered. This tax is based on the engine capacity of the vehicle Alexandre will choose, and its CO2 emissions.

Buying a new car can get more expensive 9283_1
Until the end of this month of August, the calculation of CO2 emissions will be carried out using the current method, which will indicate a lower emission value than measured by the new WLTP system (effective from September 1st).

After visiting several car stands, Alexandre finally chose his new car. An Automobile Reason 1.2 Diesel.

Then consider the following data:

  • Displacement: 1199cm3;
  • CO2 emissions: 119 g/km;
  • Type of fuel: Diesel:
  • New state.

Using the simulator provided by AT, Alexandre would pay ISV in the amount of 3,032.06 euros.

Assuming that Alexandre postpones his purchase to September. With the new calculation system, let's imagine that the calculated value of CO2 emissions is 125 g/km. The amount of tax payable, under these conditions, would be 3,762.58 euros. This means that, by merely changing the method of calculation, the tax at the time of purchase will increase by 730.52 euros.

Afterwards, the IUC (single tax) on Alexandre's car, which is due annually for the ownership of the vehicle, will have exactly the same treatment. The value of this tax is also calculated based on the engine capacity and CO2 emissions. Considering that the new emissions calculation system will indicate a higher volume of them, naturally the annual IUC to be paid by Alexandre will be higher.

Article available here.

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.

UWU Solutions started its activity in January 2003, as a company providing Accounting services. Over these more than 15 years of existence, it has been experiencing sustained growth, based on the high quality of services provided and customer satisfaction, which has allowed the development of other skills, namely in the areas of Consulting and Human Resources in a Business Process logic. Outsourcing (BPO).

Currently, the UWU has 16 employees at its service, spread across offices in Lisbon, Caldas da Rainha, Rio Maior and Antwerp (Belgium).

Read more