ANNOUNCED AS TEMPORARYNo
On 29 April 2015, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 29 decreasing the import tariff on 10 tariff codes related to goods from the IT-sector. The tariffs were reduced from 16% and 10% to 2%.The measure took effect on 30 April 2015 lasts until 31 December 2015.
The tariffs were reduced under Brazil's ex-tarifário scheme which allows for a temporary customs duty exception to the Mercosur Common External Tariff on capital and IT goods. Such an exception can be invoked in case the good in question has no domestically produced equivalent. The goal of this policy is to restructure Brazil's industrial park and infrastructure services.
The measure was introduced in conjunction with Camex Resolution no. 30/2015 which reduces the tariff on capital goods (see measure no. 9398 under Related Measures).
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