Clipping of news on Brazilian Culture, Law and Citizenship
08/30/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Exemption for cars worth up to October; furniture until December 31
The finance minister, Guido Mantega, announced on the afternoon of Wednesday (29) that the extension of the IPI (Excise Tax) reduced to buying white goods, furniture and building materials vai until December 31. In the case of cars, the exemption extends to the end of October. With this, the Brazilians can keep enjoying the offerings for a few more months.
The IPI reduction applies to appliances stoves, tanquinhos, refrigerators and washing machines. As was applied since December 2011, the IPI stove is 4% to zero. The tanquinhos from 10% to zero. In this case the government fails to raise R$ 361 million.
According to Mantega, sales of white goods increased considerably compared with July 2011 to July 2012. We sold 20% more stoves, more tanquinhos 20% and 15% more refrigerators.
It was also announced the extension of the reduced IPI for furniture, panels, laminates and fixtures, which would win in September to 31 December. Most of these products had a rate of 5% and is now at zero.
The IPI floors, ceramic and porcelain tile has also been extended until December 2013. With this, the government fails to raise R$ 1.8 billion. The novelty is that laminate floors also make the list.
Cars
Five months ago, the IPI of national cars with 1.0 engine decreased from 7% to zero. Since the tax for cars with engines up to 2.0 flex fell 11% to 5.5%. In the case of imported was 37% to 30%. These rates remain the same.
The minister announced that the daily sale of cars in this period grew 33.4%.
- They sold about 12, 5 thousand cars a day and now sell about 16 thousand vehicles per day.
In return for the exemption, entrepreneurs pledged not to lay off workers and reduce product prices.
The minister explained that the goal is to stimulate the industry. The government also intends to seize the end of the year, a time when sales grow with the Christmas and 13th salary, to boost the economy.
- The Brazilian economy is already in a gradual recovery, however we must continue to stimulate consumption.
Loans
The government also reduced the interest rate on loans by BNDES (National Bank for Economic and Social Development) trucks of 5.5% per annum to 2.5% per year. The fee for the purchase of machinery and equipment industry fell from 5.5% to 2.5%. The lines of credit of 120 months. The incentives worth up to Dec. 31.
- Who is building a factory and upgrading its machinery can do so at low interest rates until the end of December.
Mantega announced the creation of a new credit line for the purchase of capital goods used. It is machinery and tools industry. Besides trucks, tractors, trucks and even airplanes used. Entrepreneurs can also refinance loans these products at lower interest rates.
Source: The Day Online
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This article was translated by an automatic translation system, and was therefore not reviewed by people.