IO/Credit – Acquisition Of Machines, Energy And Technology

Decree no. 7,975 was published on April 2, 2013, which, under the pretext of encouraging competition in the Brazilian industry, included item XXVIII into article 8 of the Regulation of the Tax on Financial Transactions. This provision reduced to zero the tax rate of the IO/Credit charged oncredit transactions carried out by financial institutions, with public or private funds, for the funding of transactions entered into as of April 2, 2013, intended for the acquisition, production, and leasing of capital assets, including related components and technology services, and related working capital, the production of consumption goods for export, the electrical energy sector, structures for the export of liquid bulk, engineering projects, technology innovation, as well as for investment...