If you have a motor vehicle, be it a car or a motorcycle, most likely you have already had to pay the famous fee. However, do you know what the acronym IPVA actually means?
The acronym IPVA stands for Motor Vehicle Property Tax. The taxation is state, and like all taxes, its objective is to raise money, in this case, on automobiles, regardless of what type. Of the amount, 50% goes to the state, and the rest to the place where the vehicle was registered.
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The value of the IPVA varies according to the state. The rate in São Paulo is the highest in Brazil. In addition, the values are only state, that is, they are not passed on to the federal government.
The tax is fiscal. Therefore, the money that goes to the state has no connection with the physical situation of the streets or roads. IPVA is charged annually and can be paid in cash or in up to three installments.
A curiosity about the tax is that only vehicles that travel on land are taxed. Therefore, boats, speedboats and the like are not charged.
