IPVA has a confirmed discount in several regions of Brazil: see how to check

If you are one of the Brazilians who will pay IPVA this year, find out how to get discounts so you don’t have to spend too much!

The year 2024 brings good news for Brazilian drivers: the reduction in the value of IPVA has been confirmed in several states. This is a significant change, as IPVA is one of the most relevant annual costs for vehicle owners.

In this article, we’ll explore how this reduction applies in different states, the reasons behind this decrease, and how you can inquire about and take advantage of this financial relief. With this information, you will be able to better plan your finances and understand how IPVA will impact your budget this year.

This year’s IPVA is already arriving, but it is possible to prepare for big discounts. See how! / Credit: @jeanedeoliveirafotografia / pronatec.pro.br

Relief in your pocket: IPVA reduction confirmed in several states

The reduction in the value of IPVA is mainly due to the decrease in the average price of used cars, which fell by 4.26% until November, according to IBGE data. In states that use the market value of vehicles (such as Rio de Janeiro, which references the FIPE table), this trend resulted in a significant drop in the tax calculation.

How states are applying the reduction

Each state has the autonomy to define IPVA rates and due dates. Some states, such as São Paulo and Minas Gerais, are offering discounts for cash payments and installment options. In São Paulo, for example, the IPVA rates for 2024 are 4% for passenger cars, with a 3% discount for paying in cash. In Minas Gerais, the rates are similar, and paying in cash also offers a 3% discount.

Exemptions and special conditions

In addition to the reductions, several states are applying IPVA exemptions to certain groups, such as electric vehicles, vehicles over 20 years old and people with disabilities. In Rio Grande do Sul, for example, vehicles 20 years old or more are exempt from the tax.

Checking the IPVA value

To check the IPVA value in your state, access the official websites of the State Traffic Departments (DETRANs) or the State Finance Departments. These channels provide up-to-date information on tax rates, payment methods and due dates.

Delay in IPVA: discover 3 financial and legal consequences!

Not paying IPVA (Motor Vehicle Ownership Tax) can lead to several negative consequences for the vehicle owner. It is important to be aware of these risks to avoid legal and financial problems. Here are three main consequences of not paying IPVA:

Fines and interest: non-payment of IPVA results in the application of fines and increased interest on the amount owed. Over time, these additions can considerably increase the total amount to be paid, making the debt more onerous; Restrictions on vehicle licensing: payment of IPVA is one of the requirements for annual vehicle licensing. Without up-to-date licensing, you are prevented from legally driving the vehicle, which can lead to fines, points on your license and even the seizure of the vehicle during a traffic stop; Name registered in active debt: if the IPVA is not paid for an extended period, the debt can be included in the State’s Active Debt. This means that the government can initiate a legal collection process, which includes the possibility of seizure of assets and a negative impact on your credit history.

Paying attention to the IPVA payment deadline and keeping up to date with this obligation is essential to avoid these consequences and ensure regularity and peace of mind when using your vehicle.

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