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New IPVA law is authorized and leaves Brazilians jumping for joy with the news that the government will waive half of the tax

Written by Alisson Ficher
Published 23/09/2024 às 06:35
New IPVA law is authorized and leaves Brazilians jumping for joy with the news that the government will waive half of the tax
New IPVA law is authorized and leaves Brazilians jumping for joy with the news that the government will waive half of the tax

The government has approved a new IPVA law that guarantees partial exemption for vehicles worth up to R$120. See who can apply and how!

A promising piece of news make thousands of Brazilians happy: the recent regulation of Motor Vehicle Ownership Tax (IPVA) brings discounts e exemptions that few expected.

But before you get excited, it’s important to know if you’re one of those who can take advantage of this new feature.

What many people don't know is that the measure, approved by the Legislative Assembly of Sergipe (Alese), only benefits drivers from Sergipe.

The partial exemption from IPVA was aimed exclusively at state vehicles, limiting the impact of the new law to a specific audience.

Who will really benefit?

According to the site FDR, not all Brazilians will have the benefit. The decision, exclusive to Sergipe, guarantees partial exemption just for vehicles worth up to R$70 thousand.

However, the new measure extends this limit, covering cars up to R $ 120 thousand with a partial exemption on the value of R $ 70 thousand.

What are the criteria for obtaining exemption?

The criteria for obtaining this exemption are not as simple as they seem. The measure benefits people with physical disability, Visual impairment, severe intellectual disability, síndrome de Down and those diagnosed with autism spectrum disorder.

These people must follow a specific procedure to request the benefit. It is essential to access the website of the State Treasury Department and present the required documentation.

Only then will it be possible to obtain partial exemption from IPVA.

How do I request an IPVA exemption?

The request can be made directly on the website of the State Treasury Department. The process involves:

  • Access to the official portal;
  • Presentation of all required documentation;
  • Payment of service fee.

With these steps, the Sergipe taxpayer will be able to count on partial exemption from 2025, as reported by the website FDR.

Extinguishment of debts for motorcycles

Another new feature of the new legislation is the extinction of debts related to the IPVA of two-wheeled vehicles, but only for those with displacement up to 50cc.

This measure could alleviate the burden on many motorcycle owners who were struggling with accumulated debt.

IPVA: what is it and how does it work?

O IPVA is a state tax that is calculated based on the vehicle's market value. A rate that varies between 1 2,4% and%.

The revenue is used to cover public spending in essential areas such as health, safety, education and transportation.

What changes with the new law?

The most significant change is the increase in the limit for partial exemption, which went from R $ 70 thousand to R $ 120 thousand. This means that more people will be able to have part of their IPVA value reduced.

The forecast is that more than 4,2 thousand taxpayers from Sergipe be benefited.

Impact on the automotive market

This new law may influence not only vehicle owners, but also the automotive market in Sergipe.

Car manufacturers such as Fiat, Volkswagen, Chevrolet, Ford e Toyota, which have a strong presence in Brazil, may see an increase in demand for vehicles within this exemption range.

The reduction in IPVA makes the acquisition of more affordable vehicles, especially for popular models and SUVs, categories widely offered by these manufacturers.

According to experts, measures like this can boost the market, generating a positive impact on the local economy.

How is it possible, the new law brings partial relief, but is still restricted. Only people from Sergipe, with vehicles worth up to R$120 and belonging to the benefited groups, will be able to count on this advantage.

For many, the new feature may seem limited, but it is an important step towards making IPVA more accessible.

Do you think this measure should be expanded to the whole of Brazil? Will other states also adopt this partial exemption from IPVA? Leave your opinion in the comments! This new measure may seem limited, but it is an important step towards making IPVA more accessible.

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Alisson Ficher

Journalist graduated in 2017 and working in the field since 2015, with six years of experience in print magazines and over 12 thousand online publications. Specialist in politics, jobs, economics, courses, among other topics. If you have any questions, want to report an error or suggest a topic on the topics covered on the site, please contact us by email: alisson.hficher@outlook.com. We do not accept resumes!

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