Government reduces import tax on hundreds of machines and equipment used by industry

[ad_1]

The average rate for these products was 11% and will be zeroed by December 2025, benefiting more than 40 sectors of the economy. The measure will be published in the Federal Official Gazette. The government decided this Tuesday (9) to zero the import tax on 564 machines and equipment used by industry in Brazil, but manufactured abroad. There will also be no import tax on 64 IT and telecommunications items. The waiver will run through December 31, 2025 and responds to an industry request. According to the Ministry of Development, Industry, Commerce and Services (Mdic), the average import rate for these products was 11%. The measure was approved by the Executive Management Committee (Gecex) of the Foreign Trade Chamber (Camex) and will be published in the next few days in the Federal Official Gazette (DOU), when it will come into force. In a note, the MDIC states that more than 40 sectors of the economy will benefit, including: metallurgy; electricity and gas; auto-vehicles; machines and equipment; cellulose and paper. Also according to the MDIC, around 80% of the equipment that will now have tariff exemption until 2025 is imported from the United States, China, Germany and Italy, as there is no domestic production in these cases. Anti-dumping measure At the Gecex meeting, the application of an anti-dumping measure for the importation of gelatine capsules from Mexico and the United States was also approved. As a result, gelatin capsules will be surcharged between US$ 0.12 to US$ 2.13 per thousand units. The surcharge will apply for a period of up to five years. These capsules are used to facilitate the ingestion of medicines and supplements. According to the MDIC, the surcharge is necessary to avoid damage to the Brazilian industry, since, after an investigation by the Brazilian government, the existence of dumping was verified, that is, an unfair trade practice. The measure comes into force after publication in the Official Gazette of the Union, in the coming days. Protein concentrates Gecex also decided to charge import tax on proteins and textured protein substances coming from Mercosur countries. The category covers several products, such as soy proteins used by athletes. According to the government, the zero rate of import tax on these products caused losses to the national industry. Therefore, the collection of the tax will be returned, in the form of the consolidated rate in Mercosur, which is 11.2%. “This will allow the productive sector to compete in greater equality of price conditions and to continue investing in the increase of the productive capacity and generation of jobs and income in the country”, says the MDIC in a note.

[ad_2]

Source link