Portugal
Chapter 1: Economic and business environment
| Demographics | 10 325 500 (2016) |
|---|---|
| Capital | Lisbon |
| Major cities | Oporto, Coimbra, Braga, Aveiro |
| Languages | Portuguese |
| GDP | 184 931 100 euros |
| Unemployment rate | 11% |
| Main industries | Car manufactoring and parts, Textile |
| Currency | euro |
| Interest rate | -0,33% (euribor 3M) |
| Political key info | Republican democracy |
| Inflation | 0,6% |
Chapter 2 : Automotive market, segments & sales
| Total Car park | 6 208 350 (2016) |
|---|---|
| New vehicle registrations (Cars, LCV, Trucks) | 266 385 (2017, ACAP) |
| Top 5 brands (total market) | Renault, Peugeot, Volkswagen, Mercedes-Benz, BMW |
| Model preference top 5 (total market) | Renault Clio, Peugeot 208, Renault Megane, Nissan Qashqai, Renault Captur |
| Used car market/renewal cycle | 6,1 million cars, 12,4 years medium age, 63,2% with more than 10 years |
Chapter 3: Company car market
| Total Fleet Park (company cars)/Fleet penetration in total fleet sales | 52% of the total sales |
|---|---|
| Evolution fleet sales (last 5 years) | Growing according to market, but getting few revelation because of the rent-a-car market growth |
| Top 5 fleet brands (fleet market) | Information about car company sales not existent officially |
| Fleet Model preference top 5 (fleet market) | Information about car company sales not existent officially |
Chapter 4: Taxation & legislation
Get the complete analysis about taxation and legislation in the Fleet Europe Taxation Guide, developed in collaboration with PWC. Click here for more info
4.1. Car Taxation
Cars are taxed in the moment of registration and every year
- kind of taxes:
- VAT (23%) (registration)
- (Imposto sobre veículos) (registration)
- goes related with the size of the engine and CO2 emissions, like this:
- size
| Passenger Cars | ||
| cm3 | euros/cm3 | Deduction to the result: |
| < 1.000 | 0,99€ | 767,50€ |
| 1.001 to 1.250 | 1,07€ | 769,00€ |
| > 1.250 | 5,06€ | 5600,00€ |
CO2 emissions
| Diesel | ||
| CO2 (g/km) | Tax for each g/km | Deduction to the result: |
| < 79 | 5,22€ | 396,88€ |
| 80 to 95 | 21,20€ | 1671,07€ |
| 96 to 120 | 71,62€ | 6504,65€ |
| 121 to 140 | 158,85€ | 17107,60€ |
| 141 to 160 | 176,66€ | 19635,10€ |
| > 160 | 242,65€ | 30235,96€ |
| Petrol | ||
| CO2 (g/km) | Tax for each g/km | Deduction to the result: |
| Até 99 | 4,18€ | 386,00€ |
| 100 a 115 | 7,31€ | 678,87€ |
| 116 a 145 | 47,51€ | 5337,00€ |
| 146 a 175 | 55,35€ | 6454,52€ |
| 176 a 195 | 141,00€ | 21358,39€ |
| Mais de 195 | 185,91€ | 30183,74€ |
- (imposto sobre circulação) (annually)
- it goes related with the size of the engine and CO2 emissions, like this:
First:
| cm3 | Tax |
| < 1.250 | 28,92€ |
| 1.251 a 1.750 | 58,04€ |
| 1.751 a 2.500 | 115,96€ |
| > 2.500 | 396,86€ |
Then:
| CO2 (g/km) | Tax | Adicional Tax for registations since 2017 |
| < 120 | 59,33€ | 0€ |
| 121 a 180 | 88,90€ | 0€ |
| 181 a 250 | 193,08€ | 28,92€ |
| > 250 | 330,76€ | 58,04€ |
Then, only for diesel:
| Diesel | |
| cm3 | Aditional tax |
| < 1.250 | 5,02€ |
| 1.251 a 1.750 | 10,07€ |
| 1.751 a 2.500 | 20,12€ |
| > 2.500 | 68,85€ |
4.2. Income tax – Taxable persons
Portuguese legislation predict the taxations of company vehicles for private use with an agreement document, but it is not often used.
4.3. Company car
Company cars are subject to more taxes than private cars. Different standarts apply to the taxations of the ownership and all the expenses regarding to the use (Tributação Autónoma).
| Acquisition Value | Tax (if positive results) | Tax (negative results) |
| < 25k euros | 10% | 20% |
| 25-35k euros | 27,5% | 37,5% |
| >35 k euros | 35% | 45% |
LCVs can deduct VAT and they are not subject to the previous taxes
Diesel VAT values can be deductible at 50%
4.4. Income taxes – drivers’ personal taxation
n/d
4.5. Electric vehicles
If it is an electric vehicle, they’re not subject to the taxes is 4.3 and also can deduct VAT (price < 50 k euros)
If plug-in hybrid, there is a reduction in the 4.3 taxes that goes like this:
| Acquisition Value | Tax (if positive results) | Tax (negative results) |
| < 25k euros | 5% | 15% |
| 25-35k euros | 10% | 20% |
| >35 k euros | 17,5% | 27,5% |
4.6. Future developments
The incentive to electric and plug-in hybrid cars should continue, but in smaller total volume.
Taxation for the use of the car by the driver must become more regulated in the future.
Taxation between diesel and petrol costs will be smaller
4.7. Legal background (import taxes)
Chapter 5: Car policies
- Company car entitlement
The title stays with the company or with the leaser
- Which sectors provide most fleet cars?
Utilities, Constructions, Services, Pharma, Distribution, Maintenance, State institutions
- Which job functions often include a company car
Top level manager to medium managers. Commercial and sales, user-chooser owner of the business
- Which reference car(s) is given to:
- Entry/junior sales level: Renault Clio, Opel Corsa
- Senior sales / management level: Renault Megane, VW Golf, Nissan Qashqai
- Executive level: BMW Serie 3, MB Classe C, Audi A4
