New Table Of Taxes On Industrialised Products Delayed And New Reductions Remain Uncertain
Published date | 05 May 2022 |
Subject Matter | Tax, Tax Authorities |
Law Firm | Machado Associados |
Author | Mr Gabriel Rezende |
Following controversies caused by the reduction of excise tax (IPI) rates (for further details please see " Government reduces excise tax rate"), Decree 11021/2022 was published in a special edition of the 31 March 2022 Official Gazette and has delayed the effective date of the new table of taxes on industrialised products (TIPI/2022) to 1 May 2022. The TIPI/2022 was previously scheduled to come into force on 1 April 2022, according to Decree 10923/2021.
Although the government has been announcing in recent weeks that it would promote reductions of 33% in IPI rates, with the exception of certain products that are manufactured in the Manaus Free Trade Zone, Decree 11021/2022 has held back the provision of the TIPI/2022 until May 2022, meaning that the current TIPI/2017 will remain in effect for a month longer than previously expected. With this delay, the IPI rate...
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