IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 10 Sep 2014 | Removal date: open ended
Still in force

Tax-based export incentive

On 10 September 2014, the Brazilian Finance Minister Guido Mantega informed the media, that the Brazilian Government decided to introduce an export credit on sugar and ethanol exports. The credit rate will be at 0.3% of the total export value and part of the Reintegra regime (already explained in #4593). The aim of this measure is to increase demand for Brazilian biofuel.
According to Mantega, the rate will be lifted to 3% in 2015.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

018 Sugar crops
1212 Locust beans, seaweeds and other algae, sugar beet and sugar cane, fresh, chilled, frozen or dried, whether or not ground; fruit stones and kernels and other vegetable products (including unroasted chicory roots of the variety Cichorium intybus sativum) o
121291 Sugar beet
232 Starches & starch products; sugars & sugar syrups n.e.c.
1702 Other sugars, including chemically pure lactose, maltose, glucose and fructose, in solid form; sugar syrups not containing added flavouring or colouring matter; artificial honey, whether or not mixed with natural honey; caramel.
170290 Other, including invert sugar and other sugar and sugar syrup blends containing in the dry state 50 % by weight of fructose
235 Sugar & molasses
1701 Cane or beet sugar and chemically pure sucrose, in solid form.
170112 Beet sugar
170113 Cane sugar specified in Subheading Note 2 to this Chapter
170114 Other cane sugar
170191 Containing added flavouring or colouring matter
170199 Other
341 Basic organic chemicals
2905 Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives.
290514 Other butanols
290516 Octanol (octyl alcohol) and isomers thereof
290519 Other
290531 Ethylene glycol (ethanediol)
290532 Propylene glycol (propane1,2diol)
290539 Other
290543 Mannitol
345 Miscellaneous basic chemical products
2905 Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives.
290545 Glycerol

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