Fleet Handbook Portugal

• Renting
• Renting + UBER (renting contract with extra 48 trips from uber)
• Renting + 2x1 (renting contract with possibility of exchange of vehicles during some periods)
• Uchoose (possibility of acquiring the vehicle at the end of the contract, knowing in the beginning the amount it will cost)
• Mobility pack (renting contract with the possibility of adding uber services, transport of children, rent-a-car services)
• Connected drive (technology that incorporates GPS location, driver behavior and all the necessary vehicle information, providing valuable insights to help identify opportunities)
• E-drive (integrated offer with all aspects of electrification)
• Share drive (CarPooling platform entirely dedicated to companies that allows employees to book, manage and access vehicles through an App)

• Operational leasing
• Maintenance contracts
• Transparent fleet management
• Accident management
• Procurement and negotiation
• Financing; maintenance
• Vehicle re-sale
• Tax management
• Insurance
• Consulting
• Customer service
• Driver hotline
• Tyre management
• Replacement vehicle
• Rent-a-car
• Fuel card
• Roadside assistance

Minimum number of contract months: 24
Maximum number of contract months: 60.
There is no minimum limit of kilometers per contract. 
Maximum kilometers per contract = 200.000 km.

Finance lease is not provided by Finlog.

The leasing company owns operational lease vehicles. Cars must be registered with the General Directorate of vehicles. The owner must pay the registration tax, fees and first year's road tax. Once registration requirements have been fulfilled, the registration plates are issued. The registration certificate is issued in the name of the legal owner (Finlog).

No customer document is required because the car is being registered in the name of the operational lease company.

Generally VAT rate in Portugal is 23%. There percentages are applied according to the rules imposed by TAX Authorities.

Vehicle tax: registration tax is paid once only when the vehicle is registered for the first time in Portugal, whether new or used. Vehicle tax is calculated based on two criteria: the displacement and CO2 emissions of the vehicle.

Gasoline

Diesel fuel

Road tax: This tax is charged annually

Integrated System Management of Used Tyres: tax paid on initial contract, the cost is between € 5 and € 7.

It is not deductible as an integral part of the financial amortization constituted in rents paid for car rental corresponding to the amount of depreciation not accepted as fiscal expense:

Electric Vehicle - The annual depreciation of more than € 62,500;

Hybrid Plug-In - The annual depreciation of over € 50,000 is not accepted as an expense

Bi-Fuel - The annual depreciation of € 37,500;

Fossil Fuel - The annual depreciation of more than € 25,000 is not accepted as an expense;

Hybrid - The annual depreciation of more than € 25,000 is not accepted as an expense

At the end of each financial year, a comparison should be made to the day of the financial amortization included in rents with the value of the tax depreciation accepted if the vehicle belonged to the fixed assets of the company

With regard to Autonomous Taxation: Companies The charges related to the vehicles will be taxed according to the investment value of the same, worsening the rates by 10% if the entity declares tax losses:

Company in Individual Name
Charges are levied on light passenger or mixed vehicles, motorbikes or motorcycles:

For the purposes of this rate, car-related charges include reinstatements, rents or leases, insurance, maintenance and conservation expenses, fuels and taxes levied on their use.

VAT (applicable to companies and Company in Individual Name)

It is possible to deduct VAT on electric and plug-in hybrid passenger car expenses, provided that the cost of acquisition does not exceed the limits mentioned in the IRC code (€ 62,500 for electric cars and € 50,000 for hybrid vehicles Plug-in ).

In the case of bi-fuel vehicles, powered by LPG or NGV, it is possible to deduct 50% of the VAT incurred in expenses related to these vehicles as long as the acquisition cost does not exceed the limits mentioned in the IRC code: € 37,500.

In the case of light commercial vehicles, VAT on the rent is deductible in full. It is deductible 50% of the VAT on the diesel (regardless of the type of vehicle).

Finlog
Av. Vasco da Gama 780
4430-227 Vila Nova de Gaia
Portugal