IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 01 Jan 2019 | Removal date: 31 Dec 2023
Still in force

Tax or social insurance relief

Provisional Measure 843 adopted by the Brazilian Executive on 6 July 2018 and establishing the Rota 2030 program for the automotive sector also includes certain tax benefits for the participating companies. Particularly, the program allows firms to deduct from the Corporate Income Tax and from the Social Contribution on Net Profits (i.e. IRPJ and CSLL by their respective acronyms in Portuguese) up to 30% of the expenditures made in the country and classified as operating expenses related to R&D activities.

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. 

AFFECTED COUNTRIES

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TABLE
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