IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jan 2016 | Removal date: 31 Dec 2017
Still in force

Tax or social insurance relief

Effective 1 January 2016, the Brazilian government approved a temporary social insurance contribution relief. Under this intervention, firms in the chemical industry benefit from a 2-step, temporary reduction in the Social Integration Program Contribution and Contribution for Social Security Financing (PIS/COFINS). From 1 January to 31 December 2016, the contribution rate will be reduced from 6.25% to 3.12%. From 1 January to 31 December 2017, the contribution rate will be reduced from 3.12% to 0%. 

The intervention is part of the Special Regime of the Chemical Industries ("Regime Especial da Industria Quimica" (REIQ) in Portuguese). The government estimate for this relief's value is 800R$ million (USD 210 million) over two years.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

120 Crude petroleum & natural gas
2709 Petroleum oils and oils obtained from bituminous minerals, crude.
270900 Petroleum oils and oils obtained from bituminous minerals, crude.
334 Petroleum gases & other gaseous hydrocarbons, except natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271113 Butanes
341 Basic organic chemicals
2901 Acyclic hydrocarbons.
290122 Propene (propylene)
2903 Halogenated derivatives of hydrocarbons.
290311 Chloromethane (methyl chloride) and chloroethane (ethyl chloride)
290312 Dichloromethane (methylene chloride)
2905 Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives.
290513 Butan1ol (nbutyl alcohol)
2922 Oxygenfunction aminocompounds.
292221 Aminohydroxynaphthalenesulphonic acids and their salts
353 Soap, cleaning preparations, perfumes & toilet preparations
3401 Soap; organic surfaceactive products and preparations for use as soap, in the form of bars, cakes, moulded pieces or shapes, whether or not containing soap; organic surfaceactive products and preparations for washing the skin, in the form of liquid or c
340111 For toilet use (including medicated products)
340119 Other
340130 Organic surfaceactive products and preparations for washing the skin, in the form of liquid or cream and put up for retail sale, whether or not containing soap
3402 Organic surfaceactive agents (other than soap); surfaceactive preparations, washing preparations (including auxiliary washing preparations) and cleaning preparations, whether or not containing soap, other than those of heading 34.01.
340211 Anionic
340212 Cationic
340213 Nonionic
340220 Preparations put up for retail sale
340290 Other
3404 Artificial waxes and prepared waxes.
340490 Other
3405 Polishes and creams, for footwear, furniture, floors, coachwork, glass or metal, scouring pastes and powders and similar preparations (whether or not in the form of paper, wadding, felt, nonwovens, cellular plastics or cellular rubber, impregnated, coated
340510 Polishes, creams and similar preparations for footwear or leather
354 Chemical products n.e.c.
3403 Lubricating preparations (including cuttingoil preparations, bolt or nut release preparations, antirust or anticorrosion preparations and mould release preparations, based on lubricants) and preparations of a kind used for the oil or grease treatment o
340311 Preparations for the treatment of textile materials, leather, furskins or other materials
340319 Other
340399 Other
389 Other manufactured articles n.e.c.
3406 Candles, tapers and the like.
340600 Candles, tapers and the like.

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