ANNOUNCEMENT 15 Sep 2011In September 2011, the government of Brazil announced changed incentives for foreign investors entering the country.
NUMBER OF INTERVENTIONS
Decreto no. 7567 de 2011 (in Brazilian Portuguese): http://www.planalto.gov.br/ccivil_03/_ato2011-2014/2011/decreto/D7567.htm
Decree no. 7567/2011 of September 15, 2011, lowers the industrial tax rate (Imposto sobre Productos Industrializados) by about 5.5 per cent on certain items in the automotive industry, providing that the company - among other things - fulfils a local content requirement of at least 65 per cent. The provision of this Decree entered into force on September 16, 2011, and went out of force on December 31, 2012.