Commission approves proposal for a tax-free CDs and DVDs
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Iolando Lourenço
Brasília - Proposed Amendment to the Constitution (PEC) which reduces to 25% taxes on the final price of CDs and DVDs of Brazilian music was approved yesterday (5) by the Special Committee of the Board, which examined the merits of the proposal. The rapporteur of the PEC, Mr Otávio Germano (PP-RS), agreed to the adoption of the matter, whose first author Mr Otavio Leite (PSDB-RJ).
According to the opinion approved factories CDs and DVDs installed in the Manaus Free Trade Zone to continue the tax exemption to manufacture products. The amendment was included in the text by agreement with the members of the bench of the Amazon. Mr Otavio Leite believes that with the approval of PEC and its enactment will be a reduction in the cost of CDs and DVDs produced in Brazil by 25% in the final prices for consumers.
"Currently, the chain of production of a CD, since the act of creation to write, record, format of the phonogram, duplication, distribution, until the sale in the store, focus, waterfall, about 25% of direct tax," said Mr Otavio Leite. He believes that with the PEC, you can raise the music market in Brazil.
Several artists attended the committee meeting to support the approval of the proposal, among them the singers Gian & Giovani, Cezar Menotti, Ivo Meireles. Mr Otavio Leite also reported that the singer Sérgio Reis was on the committee.
The PEC will now have to be approved in two readings by the full House and then be referred to the discussion and vote, too, in two shifts, by the Senate. To be approved the Board will need the votes of at least 308 deputies in each of the rounds of voting.
Source: Agência Brazil
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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