IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 22 May 2012 | Removal date: 31 Aug 2012

Internal taxation of imports

On May 22, 2012, the Government of Brazil, announced a reduction of the tax on Industrialized Goods (IPI, for its acronym in Portuguese) applicable to certain types of domestically produced vehicles for military or agricultural use belonging to the HS-codes 8703.32.10 and 8703.33.10.
 
According to Decree 7.725/2012, the applicable IPI rate for these types of vehicles will be reduced from 15% to 7.5% for the period of 22 May 2012 to 31 August 2012.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

491 Motor vehicles, trailers & semi-trailers; parts
8703 Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars.
870332 Of a cylinder capacity exceeding 1,500 cc but not exceeding 2,500 cc
870333 Of a cylinder capacity exceeding 2,500 cc

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