AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYYes
Tax-based export incentive
According to Decree 8,415 enacted by the Brazilian Executive, the tax-based export incentives have been reduced to a fixed 1% starting March 1, 2015. Previously, the regime contemplated variable values ranging from 0.1% to 3% which were set on a case-by-case basis.
Originally, this provision was to be in force until December 31, 2016, however, amendments introduced on October 21, 2015, moved forward the termination date to November 30, 2015 (please, see related state acts).