ANNOUNCED AS TEMPORARYNo
Decree no. 7567/2011 of September 15, 2011, lowers the industrial tax rate (Imposto sobre Productos Industrializados) by about 5.5 per cent on certain items in the automotive industry, providing that the company - among other things - fulfils a local content requirement of at least 65 per cent. The provision of this Decree entered into force on September 16, 2011, and went out of force on December 31, 2012.
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