Economic Instruments - Charges and taxes
Green Vehicle Tax - Brief Summary (Portugal)
Green Vehicle Tax, Portugal Background The Portuguese government has approved a new car taxation regime that would charge duty on road vehicles according to environmental impact from July 2007. The plans were first outlined in Portugal's climate change strategy and require both parliamentary and presidential approval to enter force (EED 25/01/07 http://www.endseuropedaily.com/22481).
Two new taxes, a one-off purchase tax (ISV) and an annual road tax (IUC), would replace the current fragmented vehicle taxation system. The tax level would be partially weighted according engine size and CO2 emissions.
In the first year of the system 30 per cent of the tax would be weighted according to emissions; this would rise to 60 per cent from July 2008. Diesel vehicles would lose some existing fiscal advantages but the cleanest would be eligible for a E500 rebate.
Reference ENDS Europe DAILY 2265, 19/02/07 Follow-up: See Portuguese government press release
http://www.governo.gov.pt/Portal/PT/Governos/Governos_Constitucionais/GC17/ Conselho_de_Ministros/Comunicados_e_Conferencias_de_Imprensa/20070215.htm
plus provisional tax rates for ISV
http://www.endseuropedaily.com/docs/70219a.doc and IUC
http://www.endseuropedaily.com/docs/70219b.pdf (all in Portuguese).
Article Index: air, climate, economic instruments, transport
Green Vehicle Tax, Portugal Background The Portuguese government has approved a new car taxation regime that would charge duty on road vehicles according to environmental impact from July 2007. The plans were first outlined in Portugal's climate change strategy and require both parliamentary and presidential approval to enter force (EED 25/01/07 http://www.endseuropedaily.com/22481).
Two new taxes, a one-off purchase tax (ISV) and an annual road tax (IUC), would replace the current fragmented vehicle taxation system. The tax level would be partially weighted according engine size and CO2 emissions.
In the first year of the system 30 per cent of the tax would be weighted according to emissions; this would rise to 60 per cent from July 2008. Diesel vehicles would lose some existing fiscal advantages but the cleanest would be eligible for a E500 rebate.
Reference ENDS Europe DAILY 2265, 19/02/07 Follow-up: See Portuguese government press release
http://www.governo.gov.pt/Portal/PT/Governos/Governos_Constitucionais/GC17/ Conselho_de_Ministros/Comunicados_e_Conferencias_de_Imprensa/20070215.htm
plus provisional tax rates for ISV
http://www.endseuropedaily.com/docs/70219a.doc and IUC
http://www.endseuropedaily.com/docs/70219b.pdf (all in Portuguese).
Article Index: air, climate, economic instruments, transport
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