IUCUpdates, MotorcycleTaxes, PortugalTax2024 The Portuguese government has unveiled its proposed budget for 2024, bringing forth significant updates to the Motorcycle Taxes in Portugal, commonly known as Imposto Único de Circulação (IUC). Unfortunately, motorcycle owners will face an increase in both the base value of IUC and a new environmental component. In this article, we’ll break down the changes and provide a clear overview of how much motorcycle owners can expect to pay in 2024. Base Annual IUC Rates for Motorcycles in euros: Cylinder capacity (cubic centimeters)After 1996Between 1992 and 1996From 120 to 2506,190From 250 to 3508,766,19From 350 to 50021,1812,53From 500 to 75063,6237,47From 750138,1567,76 Environmental Component for Motorcycles (Category E): 120 to 250 cc – €10 250 to 750 cc – €20 Over 750 cc – €30 Explanation of Environmental Component The government has introduced a new environmental component aimed at aligning taxation with environmental concerns. This component, based on CO2 emissions, applies to vehicles in Category E, which includes motorcycles, mopeds, tricycles, and quadricycles. The additional amount for the environmental component is added to the total IUC payment. Revenue Projections The proposed budget for 2024 estimates a significant increase in the overall revenue generated from IUC. The government anticipates a rise of €98.2 million compared to 2023, bringing the total IUC revenue to nearly €871 million. This increase is part of the government’s efforts to bolster state finances. Payment Information IUC is an annual tax applicable to vehicle ownership and is updated every January. The new IUC rates will be effective from January 1, 2024. You can made payments through the Portal das Finanças, with the deadline falling on the last day of the month corresponding to the motorcycle’s registration month. As motorcycle owners in Portugal gear up for 2024, it’s crucial to be aware of the changes in Motorcycle Taxes in Portugal (IUC rates). The introduction of the environmental component underscores the government’s commitment to addressing environmental concerns through taxation. Stay informed and ensure timely payment to avoid any penalties associated with late payments. For more detailed information and to simulate your IUC payment, you can refer to the updated tables on the Imposto Sobre Veículos online portal.
