Clipping of news on Brazilian Culture, Law and Citizenship
03/27/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
SAO PAULO - The Finance Minister Guido Mantega announced on Monday (26) that the reduction of the IPI (Excise Tax) for white goods such as stoves, refrigerators, washing machines and abs will be extended for three more months, until June 31.
The tax benefit, in force since December last year as a way to stimulate domestic consumption and, consequently, the industrial activity in Brazil, should end next March 31.
The government also decided to relieve furniture, lamps, chandeliers and walls by the end of June.
Both measures will be published later on Monday in an extra edition of the Official Gazette
Aliquots
In the case of the stove, the rate is still reduced to zero, compared to 4% previously charged. It also remains at zero tax on the abs, which were before the tax incentive rate of 10%.
For the purchase of refrigerators, the tax is 5%, against 15% previously, and for washing machines, the rate remains low of 20% to 10%.
The processed products are those stamped "A" power quality.
For moving the aliquot is from 5% to zero. Also dropped to zero on the IPI laminates, which used to be 15%. The tax on fixtures and chandeliers rises from 15% to 5%, while the wallpaper was 20% to 10%.
White
The extension of the benefit over the white line caters to a business application, as initially conceived two months ago and then again sent to the Ministry of Finance last week, as informed the President of IDV (Institute for Retail Development), Fernando de Castro.
According to Eletros (National Association of Manufacturers Products and Consumer Electronics), the incentives to manufacturers of white goods drove the sales increase of 10% to 15% over the same period last year, from December to March. "Given the positive results achieved, the Eletros is working with the government so that the reduction is prolonged," the Association in a statement.
Source: InfoMoney
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This article was translated by an automatic translation system, and was therefore not reviewed by people.