January is the month in which payment of various taxes begins, including IPVA. However, not everyone will pay the amount immediately. Failure to pay the IPVA, however, can generate a series of financial and administrative consequences for the vehicle owner.
In addition to fines and interest, the default with the tax can cause restrictions on the CPF, difficulties in accessing credit and impediments in .
According to the MBA professor at Fundação Getulio Vargas (FGV) and specialist in the automobile sector, Antônio Jorge Martinspostponing tax payment is almost never advantageous from a financial point of view. “In practice, the cost of delay is usually higher than any benefit that the taxpayer imagines having by postponing payment”, he states.
According to the expert, the main recommendation is to pay the tax in cash whenever there is financial availability. In many states, this modality guarantees a discount, generally around 3%.
Another guideline is to avoid delay at any cost. Failure to pay IPVA implies financial charges and may lead to the taxpayer’s name being registered with credit restriction bodies, such as Serasa and Cadin (Informative Register of Unpaid Public Sector Credits).
What to do if you can’t pay in cash?
When there are no resources available to pay the tax in full, the experts’ recommendation is look for alternatives before expiration.
One of them is to resort to a financing or bank loan to pay the IPVA and pay the amount in installments. Even with interest, this option tends to generate fewer problems than delaying taxes and having your name included in default records.
For Martins, the use of a credit card can also be considered, as many states allow this modality. However, the professor emphasizes that this should be the last alternative. “The cost of credit on the card is higher than that of traditional banks, but it can still be a solution in specific situations”, he says. For the specialist, the best way to avoid this type of situation is to financial planning.
