ANNOUNCED AS TEMPORARYNo
On March 16, 2011, the Government of Brazil announced the temporary tariff reduction of the ad-valorem import duties applicable to 253 goods belonging to the telecommunications, information technology, and capital goods sector.
The Brazilian legislation, through the "ex-tarifarios" regime authorizes the temporary reduction of the ad-valorem import duty of capital and information technology goods, its parts, pieces and components. This temporary reduction may take place whenever it is found that there is no domestic production of these goods. To implement these reductions, the Brazilian authorities are allowed to create new tariff positions.
Through this resolution, the Brazilian Government establishes a 2% ad-valorem import duty for certain telecommunications, information technology, and capital goods, classified in Chapters 84, 85 and 90 of the Harmonized Tariff System.
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