ANNOUNCEMENT 16 May 2013In May 2013, the government of Brazil announced a change in the tax legislation for exporters.
NUMBER OF INTERVENTIONS
Ministry of Development, Industry, and Trade (MDIC), 17 May 2013 (in Portuguese): http://www.mdic.gov.br/sitio/interna/noticia.php?area=5¬icia=12405
Decree 8.010 of 16 May 2013, published in Official Gazette of 17 May 2013 (in Portuguese): http://www.planalto.gov.br/ccivil_03/_Ato2011-2014/2013/Decreto/D8010.htm
On 16 May 2013, the Ministry of Foreign Trade adopted Decree 8.010 introducing drawbacks on domestically produced goods for export which are based on imported oil (or oil derivatives), such as plastic and other chemical products. The Decree suspends the import duty, tax on industrialized goods (IPI), PIS/Pasep, Cofins, PIS/Pasep-Import, and Cofins-Import. The measure took effect on 17 May 2013.