OrbitaxBrazil Reduces Import Tax on Capital Goods, IT and Telecommunications Goods, Basic Food Products, and Ethanol
|Approved Changes|Brazil
Brazil's Ministry of Economy has issued a release announcing an additional 10% reduction in the import tax of products defined as Capital Goods (BK) and IT and Telecommunications Goods (BIT). The additional 10% reduction in the rates on BK and BIT products, which covers a total of 949 tariff codes, is meant to increase the productivity and competitiveness of the Brazilian economy by reducing t…
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