IPVA can be paid in 5 installments from January, announces Doria

Governor João Doria (PSDB) announced that the IPVA may be paid in up to five installments from January 2022. The measure was disclosed in an interview this Saturday (11) and will be published in the Official Gazette next week, according to Doria.

Currently, the tax can be paid in up to three installments. “This was a decision taken yesterday, Friday, and it serves a considerable portion of the population,” said Doria. “It is reasonable for us to understand that they will need a little more time to be able to have, in installments, a more adequate way of paying the property tax. And this also applies to the IPVA licensing of new vehicles, from the day onwards January 2, 2022.”

The Department of Finance and Planning allows the taxpayer to pay taxes with IPVA by credit or debit card or by digital wallet, in cash or in installments. The alternative, however, applies to debts not included in active debt.

The expansion of the IPVA installments takes place amid the soaring prices of cars that should increase the value of the tax next year.

The tax is based on the value of vehicles, which increased by an average of 24.94% between October 2020 and the same year 2021, according to the IPC (Consumer Price Index) due to lack of parts and a drop in production of new vehicles during the pandemic. Models like Volkswagen’s Gol 1.0, and Fiat’s Uno Way 1.0, will have an IPVA increase of 31% to 14%, according to estimates.

The announcement was made at a press conference in Santos, on the coast of the State, in which Doria also announced the transfer of R$ 346 million for the continuation of infrastructure works in the access to the city of Santos and the local port.

The so-called “Binário de Santos” provides for the reconstruction of the pavement on Avenida Bandeirantes, the implementation of walkways and a new viaduct on Via Anchieta. The works should generate 1.2 thousand jobs and benefit 560 thousand people, according to the government.