The government announced On March 23. 2022 that it has decided to eliminate, by the end of this year, the import tax on coffee, margarine, cheese, macaroni, soy oil and sugar. The import tax on ethanol, which is mixed with gasoline and also sold separately, was also zeroed. The objective is to help reduce inflation, whose accumulated index in 12 months exceeds 10%.
Source economia.ig.com.br
Latest Posts in "Brazil"
- Brazil’s Tax Reform: Simplifying System with Dual VAT, Addressing Short-Term Transition Challenges
- Modulation of ICMS Ruling Applies from 2024, Exempting Intra-Company Transfers Across States
- Brazil’s National E-Invoice Standard: Streamlining Compliance and Revenue Control by January 2026
- Brazil Proposes 7% Digital Services Tax to Modernize Tax System and Boost Infrastructure
- Will Brazil’s Tax Reform Make Taxation Simpler?
