Brazilian Government Reduces Import Costs to Attract Productive Investments in Brazil
- Echoes Avaliações Vistorias
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- 11 de mai. de 2023
- 2 min de leitura
Brazilian Government Zeroes Import Tax on Industrial Machinery and Equipment Without Production in Brazil
Intending to reduce costs and attract productive investments in Brazil, the Brazilian government facilitates the importation of production lines, machinery, and industrial equipment manufactured abroad with the reduction of the import tax to 0% until December 31, 2025, for a set of goods whose average rate is 11%.
For more competitive companies, it is an economical solution for investments in modernization, expansion, and implementation of new industries in Brazil. This tariff reduction to 0% will favor the import of industrial machinery valued at more than 800 million dollars for the 40 sectors of the economy, especially metals, electricity, and gas; manufacture of motor vehicles; manufacture of machinery and equipment; in addition to manufacturing pulp, paper, and paper products. Around 80% of the equipment with tariff reduction will be imported from the United States, China, Germany, and Italy, as there is no domestic production in these cases.
We are Echoes Group Network, a global consultancy with specialized professionals committed to reducing costs and results. We serve your needs with everything a first-class company can offer: transparency and mutual trust, reinforcing the business concept.
With the best practices, we offer a Gateway to support industries and the entire production chain in the qualification and approval of benefits with claims before the Brazilian government that extend to Progressive Nationalization of Production, Capacity Expansion, Investment Management, Government Relations, Public Industrial Policies, Industrial Policy for Local Content, Appraisals of Factories and Foreign Trade with Imports and Tax Reductions for Industrial Equipment (new and used), in addition to Official Long-Term Financing (BNDES).
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