ANNOUNCEMENT 15 Sep 2011

In September 2011, the government of Brazil announced changed incentives for foreign investors entering the country.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Decreto no. 7567 de 2011 (in Brazilian Portuguese): http://www.planalto.gov.br/ccivil_03/_ato2011-2014/2011/decreto/D7567.htm


Inception date: 16 Sep 2011 | Removal date: 15 Dec 2012
Still in force

Localisation incentive

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.

AFFECTED SECTORS