ANNOUNCEMENT 21 Oct 2015
The Government of Brazil reduced the export reimbursement established in the REINTEGRA regime.
NUMBER OF INTERVENTIONS
Presidency of the Republic of Brazil. Presidência da República. Decreto 8.543 de 21 de Octubro de 2015. Available at: https://www.planalto.gov.br/ccivil_03/_ato2015-2018/2015/Decreto/D8543.htm#art1
On October 21, 2015, the Government of Brazil adopted Decree 8,543 reducing the compensation rates set on Decree 8,415 set for the REINTEGRA regime. The new applicable value has been set at 0.1% starting December 1, 2015, and valid until December 31, 2016. The previously applicable export rebate was set at 1% (please, see related state acts).
The program gives exporters of domestically manufactured goods a tax refund, now equivalent to 0.1% of the value of their exports, which then can be used either as a credit against their taxes or turned into a cash payment.