ANNOUNCEMENT 10 Sep 2014In September 2014, the government of Brazil announced a change in the tax legislation for exporters.
NUMBER OF INTERVENTIONS
Bloomberg. (2014). Brazil Expands Tax Credit to Ethanol, Sugar Exporters. Available at http://www.bloomberg.com/news/2014-09-10/brazil-expands-tax-credit-to-ethanol-sugar-exporters.html
Minist?rio da Fazenda. (2014). Setor de etanol ser? includ?o no Reintegra, confirma Mantega. Available at http://www.fazenda.gov.br/divulgacao/noticias/2014-1/setembro/setor-de-etanol-sera-incluido-no-reintegra-confirma-mantega
On 10 September 2014, the Brazilian Finance Minister Guido Mantega informed the media, that the Brazilian Government decided to introduce an export credit on sugar and ethanol exports. The credit rate will be at 0.3% of the total export value and part of the Reintegra regime (already explained in #4593). The aim of this measure is to increase demand for Brazilian biofuel.
According to Mantega, the rate will be lifted to 3% in 2015.