ANNOUNCED AS TEMPORARYNo
Tax or social insurance relief
On 17 December 2018, the Brazilian Foreign Trade Council has adopted Resolution 102 establishing new procedures to determine whether there is any domestic production of automotive parts that may qualify for a duty exemption under the special import regime.
With the new amendments, the duty exemption will be granted if the benefiting company allocates the funds that should have been used to pay the tariff to carry out research, development, and innovation projects for the development of the automotive industry.
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