Contact Us

Home> International News> News detail

Portugal to Green Vehicle Taxation System

Michael P. Walsh From| June 27,2007

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.

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 to 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.

All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us:

Install Gasgoo APP

Anytime and anywhere to know the dynamics of China's auto industry

Hot Auto Products| e-Catalog| Auto Products Directory| Auto Parts Manufacturers|

Gasgoo Site: Automotive News| 中文站| 汽车资讯| 出口供应商| 汽车社区|

Copyright Notice © 2016 Corporation and its licensors. All rights reserved.