Government considers including incentives for trucks in popular car packages

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Minister of Finance, Fernando Haddad, debated with President Lula details of the program to make vehicle purchases cheaper. It remains to be defined how the reduction in taxes will be, and for how long. The economic team considers including incentives for renewing the truck fleet in the package of measures to make popular cars cheaper. The matter has been dealt with by the Ministries of Finance and Development, Industry, Commerce and Services (MDIC) and has already been presented to President Lula. The intention is to take advantage of the tax reduction announcement for popular cars to also publicize this incentive for trucks. This Thursday (1st), the Minister of Finance, Fernando Haddad, said that the program aimed at the automobile industry has been redesigned, with the approval of the president, and should be finalized “at the latest” by next Monday (5th). . In addition to including incentives for trucks, the economic area also seeks to make clearer the criteria for reducing taxes on popular cars, with the aim of giving greater predictability to the tax waiver that will need to be compensated. In a nod to the industry, last week the government announced tax breaks for cars worth up to R$120,000, based on three criteria: energy efficiency, price and domestic content. However, it still needs to be detailed how the reduction of these taxes will take place, the impact on collection and how the measure will be compensated to comply with the Fiscal Responsibility Law (LRF) and not compromise the goal of reducing the deficit of public accounts this year. ‘R$ 90,000 car is not popular, it’s for the middle class’, says Lula Old idea The idea of ​​withdrawing trucks with a lot of mileage from circulation and giving incentives for the purchase of new ones is old. At the end of last year, the Bolsonaro government regulated the rules of the Road Fleet Productivity Increase Program (Renovar Program). The objective was to encourage, on a voluntary basis, the withdrawal of vehicles that did not meet the technical parameters for driving or that were more than 30 years old. At the time, the then government indicated that there were 3.5 million trucks in circulation in Brazil, 26% of which were more than 30 years old.

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