How much is declared to the Treasury for aid when buying an electric car

2023-06-27 17:00:01

The Moves III Plan contemplates different amounts of aid for the purchase of zero-emission, electric or plug-in hybrid vehicles. A stimulus to promote the sales of this type of vehicle, but it has a dark side: these amounts must be declared received in the income statement. And it is that taxed as ‘capital gain not derived from the transfer of assets’ and a rate of 19% will be applied for the first 6,000 euros and 21% for the rest.

Thus, the amounts that we can receive are 9,000 euros with scrap or 7,000 euros without scrap for pure electric commercial vehicles with a range of more than 90 km. This amount is 7,000 euros with scrap or 4,500 euros without scrap for pure electric or plug-in hybrids with an electric range of more than 90 km. And a third possibility is to receive 5,000 euros with scrap or 2,500 without scrap for plug-in hybrid vehicles with an electric range between 30 and 90 km.

And although the exact amount that the taxpayer has to assume depends on several factors: the amount received to purchase the vehicle, the tax rate that corresponds to him based on his income level and the general tax base.

The most common is to pay between 20 and 30% of the aid received, as stated by the Technicians Union of the Ministry of Finance (Gestha). In any case, the income brackets established by the tax authority are the following:

Up to €19,450: the driver is responsible for repaying 19% of the aid.

Up to €20,200: in that case you would have to return 24%.

Up to €35,200: supposes a return of 30%.

Up to €60,000: implies the obligation to return 37%.

Up to €300,000: translates into a 45% return.

More than €300,000: the taxpayer will have to pay 47%.

Taking this into account, whoever receives the maximum amount available for this aid (7,000 euros), will have to repay between 1,330 and 3,290 euros, depending on the level of income they certify. However, if the statement is to be paid, the taxpayer may postpone the return or divide it in installments for their convenience.

However, as explained by Faconauto, the discounts carried out by dealers and car manufacturers are exempt from taxation, since they are simply commercial rebates. In this case, the user will not have to worry about returning them to the State coffers.