ANNOUNCED AS TEMPORARYNo
On February 15, 2013, Brazilian President Dilma Rousseff issued Decree no. 7291 that provides for tax breaks for telecommunication companies to build new networks if they acquire domestic machines, appliances, instruments and other equipment, as well as construction materials and labor. In such cases, VAT, PIS/PASEP (the contribution to the social integration plan), and COFINS (the contribution for social security financing) will not be levied.
In order to benefit from the tax incentives, companies have to submit their projects to the Ministry of Communications until June 30, 2013.
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