Clipping of news on Brazilian Culture, Law and Citizenship
10/08/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Parts and accessories also suffer exemption of IPI, PIS / COFINS and Pasep
SAO PAULO - Bikes can be exempted from IPI (Excise Tax). The bill 4199/12 is the Deputy Paulo Pimenta (PT-RS).
According to the Agency Board, the proposal reduces to zero the rate of PIS / Pasep (Social Integration Program and Training of Civil Servants Asset) and the COFINS (Contribution to Social Security Financing) on imports and sales of the product.
The goal, according to Pimenta, is to encourage the use of bicycles in major cities. Exemptions will also be true for parts, parts, accessories, tires and rubber tubes of bicycles.
conduct
The measure, appended to the bill 3965/12, will be examined by the committees in conclusive character of Citizenship, Finance and Taxation, and the Constitution and Justice.
Source: News Agency
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This article was translated by an automatic translation system, and was therefore not reviewed by people.