It applies in the year of registration, in proportion to the number of whole months that have elapsed since January 1st until the date of registration.
The document that provides for changes to the IUC – Single Road Tax entered Parliament’s documentation.
The proposed law provides what had already been the case: payment of the tax will be made in April, by all taxpayers. It will no longer be paid in the month in which the vehicle in question is registered.
The IUC will be paid in April if the maximum tax amount is 100 euros. If the amount is between 100 and 500 euros, it is paid in two installments (April and October); if it exceeds 500 euros, the taxpayer can pay in three installments, namely in April, July and October.
The Minister of Finance, Joaquim Miranda Sarmento, however, said this change: “We pay the IUC in the month of registration. The problem is that newer cars no longer have the month of registration. What we noticed, at the Tax Authority, is that there were many people, naturally, who forgot and paid fines”.
But it, delivered last week in Parliament documents, presents another relevant novelty: exemption from IUC in the year of registration.
The highlights that cars will not pay this tax if they are registered or registered throughout the year.
The text of the document explains that “in the year of registration or registration, an exemption applies in proportion to the number of whole months that have elapsed since January 1st until the date of registration or registration”.
In other words, in a car with registration registered in December, the IUC will be almost zero that year; If you are registered in January or February, you will pay almost the full IUC. The months of the debut year in which the car did not yet “exist” will not be paid.
