Capital Conversation with Hlder Pedro – Conversa Capital



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In an interview with Antena1 and Jornal de Negócios, ACAP Secretary General, Hélder Pedro, said that despite the availability of the Ministry of Finance, the government is not progressing without a report from the European Commission on the subject. Hélder Pedro hopes however that a transitional order is made to guarantee this neutrality. Otherwise, the ISV may still have 10% increases this year and, as a result, the IUC will also increase. By 2019, if nothing is done, the tax increase could reach 100%. Helder Pedro argues that by 2019, the government can restructure the vehicle tax tables.

Banco de Portugal will not change anything to the new rules of credit granting. The issue is the reception of signals, the return of vehicles and the anticipation of contracts. Despite the explanations of ACAP, the Bank of Portugal, according to Hélder Pedro, expressed a "total inflexibility" and does not exclude the new rules of concession of consumer credit, the automotive sector, which is constrained to increase context costs,

The ACAP Secretary General believes that the sector has been heavily penalized by cost-cutting measures and, for example, it is doing reference to the new rule which obliges the Commission to continue to provide the same services it has provided up to now. fill out a form that is sent to ASAE whenever a car is sold above 15 thousand euros. A measure whose justification is the control of money laundering but whose effectiveness is considered doubtful by ACAP.

The government also continues to not respond to the problem of classification of vehicles as a result of the threat of transfer of a PSA in the country. Now, says Hélder Pedro, "he does not even answer."

You can see here in full this interview of Hélder Pedro to Rosário Lira (Antena1) and Maria João Babo (Business Journal):

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