Clipping of news on Brazilian Culture, Law and Citizenship
This article was translated by an automatic translation system, and was therefore not reviewed by people.
The government is studying the possibility of reducing to zero the rate of Tax on Industrialized Products (IPI) of construction materials. Today, most of them collects 5%. If the measure reaches all the items, the tax revenue will fall U.S. $ 1.1 billion. Technicians examine whether such conditions to "goodness." It is possible, depending on the projections for revenue this year, that exemption is only in the main products. The government would announce a package of housing in this Wednesday, but the measures were delayed.
Another cutting taxes under discussion is the reduction of 7% to 6%, the incident rate on the pretense of building equity. When you build a building, the real divide the accounts of that enterprise - to prevent a new case Encol. On the sale of the property, concerns a single rate of 7%, which covers all federal taxes. The private sector has to reduce demand for 6% to make the taxation of businesses similar to that calculated their taxes by the presumed profit. This measure, if adopted, would mean a tax waiver of about U.S. $ 150 million.
The package will also provide a mechanism by which borrowers with incomes of up to five minimum wages are good payers are exempted from payment of up to 16 installments. This will be provided by the Guarantor, still being created. This fund aims to reduce losses and any "ice". The goal is to lower the cost of financing because the final embed an interest rate risk. The Guarantee Fund will also encourage the involvement of private banks in lending to this range of income.
The initial contribution of $ 500 million National Treasury, the Fund will allow the borrower to suspend payment of benefits if any unforeseen expenditure. He could no longer remove the three services every 24 months by transferring the payment to the end of the contract. Each period of two years not miss payments, the borrower gets a bonus, which corresponds to the payment of a benefit. This amount, capitalized, dispensing the proper paying of benefits to
However, an item that is making the sleep of the technicians: a reduction in the price of insurance of the property. Corporate financing, insurance that covers benefits in case of death or disability of the borrower and permanent damage to the property (such as collapse or flooding). The price of insurance is considered "escorchante" by the economic area, but there is no consensus on how to reduce it. That was a reason for the postponement without notice of the date of the housing package, originally scheduled for this Wednesday.
The package will also raise the limit on the value of the property covered in the Housing Finance System (SFH), which is $ 350 thousand. The new limit will be U.S. $ 500 mil. The information is the newspaper O Estado de S. Paulo.
Source: State Agency
Our stories are taken in full of the sites of our partners. Therefore, we can change the contents of these cases even of typing errors.
This article was translated by an automatic translation system, and was therefore not reviewed by people.