[ad_1]
Starting next week, capital goods and computer and telecommunications equipment acquired abroad will pay 10% less Import Tax to enter the country. The measure was approved today (17) at a meeting of the Executive Management Committee (Gecex) of the Foreign Trade Chamber of the Ministry of Economy (Camex).
Capital goods are machinery and equipment used in production. In a note, the Ministry of Economy reported that the measure will reduce costs and increase the competitiveness of various sectors of the economy and benefit consumers, who will pay less to buy items such as computers and cell phones. Due to the devaluation of the real in the last year, these products had a considerable increase in prices in the country.
In total, import tariffs were lowered on 1,495 products, including subtypes. As they are capital goods and IT and telecommunications, the measure did not depend on negotiation with the other Mercosur partners. Since the change occurred in a regulatory tax (used to regulate the economy), the government does not need to increase other taxes or cut expenses to compensate for the loss of revenue, as determined by the Fiscal Responsibility Law for other types of taxes.
Currently, import tariffs for these products range between zero and 16% for goods that pay the Common External Tariff (TEC) of Mercosur. With the reduction, a machine that pays 10% tax to enter the country will pay 9%. An electronic device charged at 16% will now charge at 14.4%. Items charged at 2% will have a greater reduction and the rate will be reduced to zero. According to the Ministry of Economy, the measure reduces bureaucracy and makes life easier for importers and consumers.
The Ministry of Economy detailed some reductions. Mobile phones and laptops will have their import tax reduced from 16% to 14.4%. In the case of medical X-ray equipment and optical microscopes, the rate will increase from 14% to 12.6%. Other products benefiting from the measure are machines for baking and brewing beer and capital goods related to civil construction, such as cranes, excavators, forklifts, locomotives and containers, among other items.
The reduced rates will take effect seven days after the publication of the Camex resolution. According to the Ministry of Economy, the text should be officially published tomorrow (18) in the Official Gazette of the Federation.
bikes
In another decision, Camex reversed the resolution that reduced the Bicycle Import Tax. Announced last month by President Jair Bolsonaro, the measure progressively reduced the tariff on imported bicycles from 35% to 20% and had been criticized by Brazilian manufacturers, mainly in the Manaus Free Zone.
Turning the Stock Market into a recurring source of profit is possible. Watch Professor Su’s free class and find out how.
[ad_2]
