Help to buy a car in Spain: plan renove 2020

The Spanish Executive has approved, with some changes, the Renove Plan, the subsidy program for the purchase of new vehicles of less than 120 gr / CO2. Grantz to buy a car in Spain can reach up to 5,500 euros.

Beneficiaries of the Plan Renove 2020

Self-employed persons, individuals and private companies that have a validly established establishment in Spain, as well as other types of legal persons such that their tax identification number (NIF) begins with the letters A, can benefit from the aid to change cars. , B, C, D, E, F, G, J, N, R or W.

On the contrary, concessionaires or points of sale (heading IAE 615.1 or 654.1.), Companies in crisis and those buyers who are not up-to-date in meeting their tax obligations and against Social Security are excluded.

How many cars can I buy with the grants?

The limit of vehicles that you can acquire with Plan Renove 2020 for legal persons is 30. Of course, the subsidies are incompatible with other subsidies, aid, income or resources in force for the same purpose from the General State Administration or its public or private entities.

Can it be a renting or leasing car?

Yes, you can benefit from a car whether you purchase it directly or through financing operations by financial leasing or leasing by renting (operational leasing).

Conditions of the Plan Renove 2020 for companies to buy a car in Spain

Thanks to the Renove Plan 2020 you will be able to benefit from interesting aid for the purchase of a Toyota car. As a company, to qualify for the incentives of this program you must meet a series of requirements in terms of emissions and administrative.

We detail them below:

– It must be a new commercial vehicle, registered in the country as of June 15, 2020 (inclusive).

– The commercial vehicle must have a DGT ZERO, ECO or C label, like our range of commercial vehicles, as well as an energy rating from IDAE class A or B.

– In the case of light commercial vehicles, it must have an emission limit of 155 g / km of CO2.

– For companies, these subsidies are subject to the requirements and limits established in Regulation (EU) No. 1407/2013 of the Commission, of December 18, 2013 (minimum aid).

– The status of SME or Large company must be declared in the aid application.

What is the amount of aid to renew your company’s cars?

A) Help for new cars:

INDIVIDUAL / SELF-EMPLOYED SME LARGE ENTERPRISE
Energy class A / B A / B A / B
Label 0 Emissions € 4,000 € 3,200 € 2,800
ECO label € 1,000 / € 600 € 800 / € 500 € 700 / € 450
Label C € 800 / € 400 € 600 / € 350 € 550 / € 350

B) Aid for light commercial vehicles with less than 2,500 kg of mmta.

INDIVIDUAL / SELF-EMPLOYED SME LARGE ENTERPRISE

Label 0 Emissions € 4,000 € 3,200 € 2,800
ECO label € 1,200 € 950 € 850
Label C € 1,000 € 800 € 700

C) Aid for light commercial vehicles with more than 2,500 kg of mmta.

INDIVIDUAL / SELF-EMPLOYED SME LARGE ENTERPRISE

Label 0 Emissions € 4,000 € 3,200 € 2,800
ECO label € 2,700 € 2,200 € 1,900
Label C € 2,100 € 1,700 € 1,500

D) The purchase of motorcycles will be subsidized with 400 euros in the case of individuals who purchase a gasoline model and 750 euros for those who choose an electric motorcycle. In the case of SMEs and large companies, the subsidies will vary between 200 and 750 euros.

When can I apply for aid to change cars?

The grants of the Plan Renove 2020 will be valid for all those acquisitions made as of June 15, 2020, inclusive. The program will come to an end on December 31, 2020, or when the credit available for this purpose is exhausted.

For the presentation of applications, the term will include from the day of activation of the telematic system of management of aid of the Program until December 31, 2020, both included, or until the credit earmarked for aid is finish.

Taxation of the Plan Renove 2020 help

All these government aid to change cars are taxed on the annual income . How much should you pay?

It will depend on the rest of your income in 2020 and the amount of aid you have received.
The help you receive to buy a car is taxed in the 2020 income as capital gain in the general income tax base.

In other words, it is as if your salary has been raised.

Note: you only have to add the direct aid from the government, that Plan Renove. The manufacturer or brand discount is not taken into account in the calculation.