Charges incurred or paid related to lightweight passenger vehicles, lightweight commercial vehicles and motorcycles, excluding vehicles powered exclusively by electrical energy, shall be taxed autonomously at the following rates:
- 10% in the case of vehicles with an acquisition cost of less than €25,000;
- 27.5% in the case of vehicles with an acquisition cost equal to or greater than €25,000 and lower than €35,000;
- 35% in the case of vehicles with an acquisition cost equal to or greater than €35,000.
Charges related to lightweight passenger vehicles and motorcycles include depreciation, rentals, insurance, maintenance and conservation, fuels and taxes on their possession or usage.
If the motor vehicle is used personally by a worker or member of a governing body and creates costs for the employer, and if there is a written agreement between the worker or member of the governing body and the employer regarding attribution of the vehicle to the worker or member of the governing body, then the aforementioned autonomous taxation shall not apply, since taxation shall be applied via income tax.
The aforementioned autonomous taxation rates shall be increased by 10 percentage points for taxpayers who report a tax loss during the period of the respective taxation occurrences.
Companies licensed to operate within the International Business Centre of Madeira benefit from a reduction of the autonomous taxation rates, in proportion to the applicable corporate tax rate (in this case, a reduction of 76,2%).