Clipping of news on Brazilian Culture, Law and Citizenship
14/01/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Even those who have money invested must withdraw funds to pay off taxes, since applications yield is lower than the discount, analysts explain
Take loan is not indicated by economists
RIO - Car owners of Rio can print from this Monday to guide Property Tax Vehicle (IPVA) of 2013 on the website of Ministry of Finance (http://www.fazenda.rj.gov . br), Bradesco (www.bradesco.com.br) and DMV (www.detran.rj.gov.br). Payment can be made in installments over three times or on demand, discounted at 8%. According to financial experts, is worth enjoy the rebate offered by single quota, even though the discount of 2013 is the lowest in recent years, which was 10% (see comparison).
Simulation made by Professor Anderson Amorim, Ibmec-Rio, shows that full payment of an automobile taxes of R$ 1,300, for example, represents a saving of R$ 104 to the taxpayer. That is, the charge drops to R$ 1,196. Who chooses to spread the tax paid well, actually, interest of 8.96% per month that are embedded in the installment of quotas.
- Who organized and not exaggerated in spending the end of the year has a good chance to save on property taxes. It's a good discount, one of the largest in the country. In São Paulo, the discount is 3%, for example - explains Luiz Carlos Ewald, personal finance expert.
With the size of the discount, it's worth even withdraw from financial investments - such as savings, DI funds and certificates of deposit (CDB) - to collect tribute in single quota. The money these investments will yield less than 0.6% per month, far less than the discounted cash payment.
- The value of deductions is greater than the income from savings. The applications currently yield little because of lower interest rates. Therefore, the money would best destination for payment in single quota - explains Amorim, professor of Ibmec-Rio.
Who opt for payment in full must be attentive to maturity, which coincide with the first installment of the tax. Vehicles with zero end plate have the lowest term, until January 23. The car with the highest end nine have until February 25, according to the website of the Department of Finance of the State of Rio
The discount for payment in single quota is also recommended for the Urban Building and Land Tax (property tax), which began booklet to be sent by City Hall this month. The property tax can be paid in ten shares or cash, at a discount of 7%, the same as last year. A property tax of R$ 800, for example, would be R$ 56 cheaper with payment in single quota.
But who overdid Christmas shopping and forgot to save for the cost of early years need to think twice before borrowing money to pay the taxes in cash. Personal loans in banks costs on average 3.14% per month, according to the National Association of Executives in Finance (Anefac). In this case, the cost of financing the R$ 1,196 to pay the property taxes (value after rebate), in six months, would reach R$ 1,330.80. That is, the cost would be greater than the tax funding by the Department of Finance of the State of Rio
- Who search, run banks, learn about payroll loans (discount sheet), you can find better rates on loans worthwhile to pay the tax in sight - Luiz Carlos says Ewald.
Source: The Globe
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This article was translated by an automatic translation system, and was therefore not reviewed by people.