ANNOUNCEMENT 01 Oct 2015

On October 1, 2015 the Agriculture Ministry announced that now agricultural industries that deal with dairy products will receive a 50% reimbursement on their PIS/Cofins contributions.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Ministerio de Agricultura, Pecuaria e Abastecimento, Brazilian Agriculture, Livestock and Supplies Ministry
http://www.agricultura.gov.br/comunicacao/noticias/2015/12/divulgadas-regras-para-isencao-de-piscofins-a-laticinios

Inception date: 01 Oct 2015 | Removal date: open ended

Tax or social insurance relief

On December 23, 2015 the Agriculture Ministry announced that now agricultural industries that deal with lactose-based products will receive a 50% reimbursement on their PIS/Cofins contributions. This is part of the ministries new program "Leite Saudavel" (Healthy Milk) which attempts to promote the consumption of healthier milk products in Brazil. As PIS/Cofins were set at 9.25%, that means that contributions by beneficiaries are now reduced to 4.625%. 

AFFECTED SECTORS