Clipping of news on Brazilian Culture, Law and Citizenship
04/25/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Extended for another 60 days for the duration of Provisional Measure 609, dated March 8, 2013, which reduced to zero the rates of PIS / Pasep, COFINS, the PIS / Pasep-Import and COFINS-import levied on revenue from domestic sales and the import of products that make up the basket. The extension is an act of the Board of the National Congress, signed by Senate President Renan.
The exoneration of all basic food products was announced last month by President Dilma Rousseff during a speech on national radio and television on the occasion of International Women's Day. On occasion, the President stressed that, waiving tax on basic food products, the government will forego R$ 7.3 billion per year.
Last month, the government also increased the number of items that make up the basket and the list of products that have federal taxes reduced to zero. The list includes meats (beef, pork, poultry and fish), rice, beans, eggs, milk, coffee, sugar, flour, bread, butter, oil, fruits, vegetables, soap, toilet paper and toothpaste. Some of these products were already exempt from tax (IPI) and now will be released in the rate of 9.35% for PIS / COFINS.
Source: AIB News
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This article was translated by an automatic translation system, and was therefore not reviewed by people.