At the Brazil, whoever buys a vehicle now has to pay the so-called IPVA (Motor Vehicle Property Tax) every year.
At least in theory, the value of this tax, which is collected by the states, should be allocated to the maintenance and improvement of roads, tracks and highways.
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It is worth noting that there is no fixed value for IPVA. It is calculated every year based on the market value of each vehicle and at a specific rate determined by the Treasury Department of each federative unit.
Every year, at the beginning of the first quarter, each driver can check the amount of IPVA that must be paid that year.
Failure to pay the tax can result in fines, interest and even the seizure of the vehicle, which is considered absurd by most Brazilians. In any case, all states facilitate debt settlement to minimize inconvenience for taxpayers.
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Contrary to what has been reported at times, people over 60 still no are exempt from IPVA.
However, Bill No. 2937/2020, authored by then deputy Alexandre Frota (PSDB – SP), aims to exempt elderly people have to pay another tax, the IPI (Tax on Industrialized Products), when purchasing a car new.
In practice, this measure would make cars cheaper for this audience, attracting more buyers and boosting the country's automotive industry. Currently, the Bill is being processed in the National Congress.
Generally, owners of cars over 15 years old and some PwD drivers (Persons with Disabilities) are exempt from paying IPVA.
However, it is important to emphasize that each state has its own set of rules for exemption from IPVA, even in cases already provided for by law.
Graduated in History and Human Resources Technology. Passionate about writing, today he lives the dream of working professionally as a Web Content Writer, writing articles in several different niches and formats.
