ANNOUNCED AS TEMPORARYYes
On 6 July 2018, the Brazilian Executive adopted Provisional Measure 843 establishing the Rota 2030 program for the automotive sector. The new program includes provisions concerning the elimination of the import duties of auto parts not produced in the country. To benefit from this exemption, companies will have to invest 2% of the customs value in research, development and innovation projects.
The provisions enclosed in this legislation are to be enforced on 1 January 2019, and the removal date has been set at 31 December 2023.
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