Clipping of news on Brazilian Culture, Law and Citizenship
01.13.2016
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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January is the month of great expense, with Christmas benefits, enrollment in high school and renovation of school supplies, holidays and heavy taxes for those who have a car or property, the property taxes and property taxes.
In São Paulo, the property taxes begins to be charged on Monday (11), for cars that have end plate 1.
Those who have money can pay cash, which is the most appropriate way, since leverages discounts.
Who do not have money to pay off the view needs to assess whether it pay in installments or get a loan at the bank.
If the money is invested, it is also necessary to analyze whether offsets from the use and pay cash.
See, then, the tips of the financial educator Conrado Navarro, the Dinheirama site, and Miguel Ribeiro de Oliveira, executive director of Anefac (National Association of Executives in Finance, Administration and Accounting):
Pay in cash
In São Paulo, it is worth paying property taxes and property tax, even if you have to take investment money.
Who pay property taxes to the view has 3% discount. A R$ 1,000 tax, for example, comes out to R$ 970.
The other option is to pay up to three times. Doing the math, Ribeiro de Oliveira says this means an interest rate of 3.13% per month.
If paying property tax in the city of São Paulo, there is an even bigger cash discount: 5%. In this case, R$ 1,000 of tax is, in cash, by R$ 950.
If parcel tenfold, interest is 1.16%.
To find out if it is worth removing the investment money and pay cash, you need to compare the interest of performance and profitability of applications.
According to Oliveira, DI funds are yielding between 0.73% and 0.88% net, depending on the management fee. Savings has an even lower yield: 0.68% per month.
So, it pays to take the money out of the application to pay off the debts in sight.
'Always worth paying the discounted view, for our scenario does not offer investment alternative with real gain equivalent to the discount period, "says Navarro.
Installment payment or financing?
If you have no money in sight, you'd better get a loan or pay in installments?
Here you also need to do the math and compare the interest charged by banks to those levied by governments.
According to Oliveira, the average rate on personal loan interest is 4.34% per month, while the payroll rate is an average of 2.92%.
In this case, if the consumer get a payroll loan at interest of 2.92% or an even lower rate advantage will take the loan and pay off the property taxes on demand, because interest rates in São Paulo, is 3.13%.
The same does not apply to property taxes. As interest in this case is 1.16% per month, it is worth piecemeal.
Those in red
Who is already in debt to pay the tax, but can not enter the overdraft or revolving credit card, whose interest rates are respectively 10.56% in the month and 13.94% per month.
It is preferable to make a personal and payroll loans, which have lower interest rates.
The punishment for those who do not pay tax is very bitter. The fine is 20%, plus interest charged by the Selic rate, currently at 14.25% per annum.
Source: Uol
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This article was translated by an automatic translation system, and was therefore not reviewed by people.