Introduces A Transitional Regime To Increase The Tax Incentives To The Destruction Of End-Of-Life Cars Provided For In Decree-Law No. 292-A/2000 Of 15 November

Original Language Title: Introduz um regime transitório de majoração do incentivo fiscal à destruição de automóveis ligeiros em fim de vida previsto no Decreto-Lei n.º 292-A/2000, de 15 de Novembro

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now

Read the untranslated law here: http://app.parlamento.pt/webutils/docs/doc.pdf?path=6148523063446f764c3246795a5868774d546f334e7a67774c336470626d6c7561574e7059585270646d467a4c316776644756346447397a4c334277624449334e7931594c6d527659773d3d&fich=ppl277-X.doc&Inline=false

PRESIDENCY of the COUNCIL of MINISTERS draft law No. 277/X explanatory memorandum the contraction of markets in most developed countries, in particular European and North American markets, as well as the general slowdown of the global economy, are having a remarkable rebound in the automotive sector, whose sales have revealed a serious drop in recent months. Recognizing the situation and the importance of this sector in the national economy, which comprises not only for companies in the automotive sector, but also by several other companies who rely on corrective measures, urge and to promote automobile trade likely to produce immediate effects. The adoption of such measures must, however, be carried out with respect for environmental policy in this area has been followed in Portugal, thus opting for temporary increase of the slaughter tax incentive to end-of-life vehicles and reducing the age required for this slaughter, which prevents any incentive for the purchase of the most polluting vehicles and limited in time the application of a measure that could become unnecessary with the recovery of the economy National. The present Bill aims to thus introduce a transitional regime more favourable than tax incentives to the destruction of end-of-life cars provided for in Decree-Law No. 292-A/2000 of 15 November, changed and republished by Decree-Law No. 33/2007, of February 15 and the amendments introduced by law No. 64-A/2008 of 31 December , which approved the State budget for 2009. So: under d) of paragraph 1 of article 197 of the Constitution, the Government presents to the Assembly of the Republic the following Bill: PRESIDENCY of the COUNCIL of MINISTERS article 1 transitional Regime for the implementation of Decree-Law No. 292-A/2000 of 15 November 1-amounts of reduction of vehicle taxes set out in (a)) and b) of paragraph 1 of article 2 of Decree-Law No. 292/2000 , November 15, are fixed at € 1250 and 1500 euros, respectively, applying to requests for benefit presented until 31 December 2009, in accordance with paragraph 3 of article 2 of the same Ordinance. 2-the transitional arrangements referred to in the preceding paragraph applies:) For the cases set out in paragraph 1 (a)) of paragraph 1 of article 2 of Decree-Law No. 292-A/2000 of 15 November, the cars to destroy with 8 years or more and less than 13 years; (b)) To the cases set out in paragraph b) of paragraph 1 of article 2 of Decree-Law No. 292-A/2000 of 15 November, the cars to destroy with 13 years or more. Article 2 entry into force this law shall enter into force on the day following your publication. Seen and approved by the Council of Ministers of 16 April 2009 Prime Minister the Minister of Parliamentary Affairs Minister Presidency