in this issue
Regions :: South America :: Brazil
Brazil cuts taxes to support petchem and ethanol makers
2:41 PM MDT | April 26, 2013
Brazil has proposed a set of tax cuts to boost its petrochemical and ethanol sectors, according to a statement from the Finance Ministry (Brasilia) issued on 24 April. One of the measures announced by Guido Mantega, finance minister, seeks to reduce to 1% the social integration tax, known as PIS; and the social contribution tax, Cofins, that are applied to raw materials and certain chemicals. The taxes, which function as value-added taxes, currently stand at 5.6%. The measures are effective immediately and will be gradually reduced between 2016 and 2018.The tax...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee