Clipping of news on Brazilian Culture, Law and Citizenship
29/08/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
The tax benefit for the sale of refrigerators, stoves, washers and tanquinhos wins on Friday
SAO PAULO - The finance minister, Guido Mantega, has not signaled whether to extend the reduction of the Tax on Industrialized Products (IPI) for white, said entrepreneurs and industry representatives after meeting with Mantega on Tuesday (28).
The tax benefit for the sale of refrigerators, stoves, washers and tanquinhos wins on Friday.
When asked by reporters about whether the minister has shown willingness to extend the IPI reduction to the white line, the president of the National Association of Manufacturers of Electric and Electronic Products (Eletros), Lourival Kiçula, Mantega said he was studying.
"The minister has not signaled anything ... He was not a guy so excited," he summarized.
Kiçula also said the government has presented data that showed an increase between 15 percent and 20 percent in the sales of white goods and hiring 3,000 workers in the sector since December 2011, when it began the tax benefit.
The president said that if the Eletros IPI reduction is not extended, the trend is for declining sales.
The president of the Brazilian Electrical and Electronics Industry (Abinee), Humberto Barbato, Mantega also said it was evaluating the request for extension of the benefit.
"(The application) will be analyzed, but he gave no signs," he added.
Earlier this month, government sources had suggested that before the downturn in revenues, the chances of tax incentives given to some productive sectors being renovated had been reduced as furniture, white goods and some decoration products.
MORE REQUESTS
In addition to representatives from the electronics sector, the Finance Minister also received on Tuesday representatives from other areas that have been targeted by the tax reduction, such as the furniture industry and construction material whose benefits expire at the end of September and the end of December respectively.
Furniture manufacturers took advantage of the meeting to anticipate the request for continuation of IPI reduction for the sector.
"If the IPI extend until the end of the year, consumers will be up 5 per cent discount on purchase of furniture," said Jose Luis Fernandez, president of the Brazilian Association of Furniture Industries (Abimóvel). The sector also received no immediate response from the government.
The president of the Brazilian Association of the Industry of Construction Materials (Abramat), Walter Cover, asked that the exemption list, which ends on December 31, be increased by a further 50 items, arguing that the sector is very fragile.
The president of the National Association of Traders of Construction Material (Anamaco), Claudio Conz, was more emphatic: "We asked for the IPI not return ever again," he said.
Not attended the meeting this Tuesday automakers, whose IPI reduction also wins on Friday.
Sources economic team told Reuters on Monday that the Ministry of Finance is expected to announce this week to extend for two months the IPI reduction for the automotive sector, strengthening position already held in late July.
Mantega meets today (29) at 10:30 am with representatives of the Brazilian Association of Machinery and Equipment (Abimaq) and an hour later, with members of the National Association of Vehicle Manufacturers (Anfavea).
Source: See On Line
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This article was translated by an automatic translation system, and was therefore not reviewed by people.