The increase in the value of the Motor Vehicle Property Tax (IPVA) in 2022 is due to the fact that a high cost is presented in the purchase price of new, semi-new and used cars of all models.
What this article covers:
What resulted in the increase in IPVA?
What resulted in the increase in the value of the Property Tax on Motor Vehicles (IPVA) is due to the current situation of Covid-19 pandemicin which the pandemic crisis drastically affected all automobile industries present in the Brazilian market.
Consequently, due to the drastic situation in the Brazilian vehicle market, it was the lack of replacement of new parts for maintenance and also vehicle manufacturing, considered as the main harmful factor for the automobile industries that, until the present moment, do not count with no date for the return of the normalization of its services.
Currently, automobile industries continue in an active production status, however, to a lesser extent and because of the huge demand for automobile construction, the values of cars have also become higher.
Furthermore, there is the problem regarding the increase in the value of the dollar and also the related fact that the automobile industries rely on the importation of parts from foreign countries in order to process the construction of their automobiles.
What are the consequences of the IPVA increase?
It is possible to present as the main consequences of the increase in the value of the IPVA for consumers of new, semi-new and used cars of all models in 2022, a great cost in the pocket of the Brazilian population, which may in turn be delayed.
However, the Brazilian has as his last alternative to request the exemption of the payment of the tax of his state.