Clipping of news on Brazilian Culture, Law and Citizenship
25/10/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
1.0 engine cars continue to reduce the tax from 7% to zero
SAO PAULO - President Dilma Rousseff announced yesterday (24) during the opening of the International Motor Show in Sao Paulo, the reduction of the IPI (Excise Tax) of cars until Dec. 31.
The IPI vehicle was reduced in late May by the government within seven percentage points, according to the model and capacity. For the popular 1.0 engine, the reduction was 7% to zero. The alcohol and flex vehicles with engines between 1.0 and 2.0 have the tax reduced from 11% to 5.5% and petrol models with engines from 1.0 to 2.0 had the tribute released from 13% to 6.5%. Already the cars with engine capacities above 2.0 had no change in the rate.
The president of Fenabrave (National Federation of Motor Vehicles), Flavio Meneghetti, the exemption should allow sales in the automotive sector to grow between 5% and 6% by the end of the year. "This relief is critical to the automotive sector has relief.'s Good for automakers and consumers," he says.
Source: See On Line
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This article was translated by an automatic translation system, and was therefore not reviewed by people.