How to take part in the Receita Federal car auction

Auctions of vehicles confiscated by the Receita Federal are widely recognised events in Brazil. And this is no coincidence - after all, such auctions offer the chance to acquire vehicles in excellent condition at prices that are significantly lower than those prevailing on the market.

However, are you familiar with the steps required to take part in the car auction organised by the Receita Federal?

Regardless of whether you are an individual or a company, engaging in an auction of cars seized by the IRS can prove to be a significant opportunity. This is especially true for those who want to buy their first vehicle but don't have the substantial resources for a large investment.

Continue reading this article for comprehensive details on how to effectively participate in the IRS car auction:

How Does the Federal Revenue Auction Work and Who Can Participate?

Understanding how the Receita Federal auction works and taking part is a simple task. Both individuals (CPF) and companies (CNPJ) can opt for the auction that best suits their profile.

However, there are prerequisites that must be met in order to be eligible to take part in the car auction organised by the Receita Federal. They are:

For Individuals

One of the requirements for participating in the RF auction as an individual is not to have any irregularities with your CPF.

Furthermore, participation is restricted to auctions that have products with characteristics of common use and consumption. In addition, participation takes place using a digital certificate.

For Legal Entities

In the case of legal entities, it is essential to have a regularised CNPJ and a digital certificate in order to take part in the event.

It should be noted that there are auctions dedicated exclusively to individuals and also to legal entities. In addition, the Federal Revenue Service also organises auctions for both publics at the same time.

Auction venues

Auctions organised by the Federal Revenue Service are held both remotely and in person. In other words, these events take place via online platforms or in physical auction rooms.

Currently, due to the pandemic situation, the auctions are being conducted entirely online, via remote platforms. For detailed information about the auctions, simply visit the official website of Inland Revenue.

Participating in the IRS Car Auction online

Now that you understand how the Receita Federal car auction takes place, who can be involved and how these auctions are organised, the only thing left to find out is how to go about placing your bids and actually becoming part of an auction organised by the Receita Federal.

To do this, it's simple to follow the steps we've outlined below, ensuring an uncomplicated process. Check it out:

1. Have the information on the date and time scheduled for the auction at hand. Log in to the e-CAC portal using your credentials and digital certificate.
2. When you access the portal, find the option "Participate in a Receita Federal electronic auction" and click on it.
3. The procedure will unfold in two parts. The first involves registering the bid, selecting the lot and, if necessary, the possibility of withdrawing the offer. The second part refers to the stage in which participants who have submitted bids below 10% of the best offer are considered to be bidding.
4. From this point on, you, as a participant, will be able to bid gradually until you reach the price you think is appropriate for the item in question.
5. The lot is won by the highest bidder.

It is important to emphasise that if you win an auction, it is essential to pay immediately. Failure to make payment is an offence liable to a penalty from the IRS.

By following these steps diligently, you'll be ready to take part in the exciting car auction process promoted by the Receita Federal via the remote platform.