Brazil’s authorities says it’ll reduce taxes to decrease automobile costs by as much as 10.96%


By Célio Yano

The federal government introduced on Thursday (25) a tax advantages program for automakers.

The intention is to decrease the price of so-called common vehicles and stimulate the manufacturing chain of the automotive sector.

In accordance with the vice chairman and Minister of Improvement, Trade, and Commerce, Geraldo Alckmin (PSB), this system will permit car costs to drop from 1.5% to 10.96%.

The businesses will profit from IPI, PIS, and Cofins exemptions on vehicles as much as R$120,000 – vehicles above this stage will be unable to take part in this system.

In accordance with the federal government . . .

To learn the complete NEWS and rather more, Subscribe to our Premium Membership Plan. Already Subscribed?


Related Articles


Please enter your comment!
Please enter your name here

Latest Articles