The rate has been slashed from 16% to 2% for capital goods, computer products and telecommunications. The list includes 177 newly added product and 75 extended tax breaks.
Author: Agência Brasil
The surplus was recorded in September, according to the Brazilian Central Bank. The same trend can be noted on the first three days of October.
The company announced this Tuesday (7th) the discovery of a reserve in the post-salt layer of the Basin of Espírito Santo, at a depth of 3,550 metres.
The projection of financial institutions was revised down once again. Last week, the estimate stood at 0.29%. Industrial output is expected to shrink in 2014.
A total of 141,501 people voted in the presidential elections, at voting machines set up in 89 different countries. The number is 63% higher than in the first stage of presidential elections in 2010.
The segment drove the 0.7% hike in Brazilian industry output in August from July. The survey was conducted by the Brazilian Institute of Geography and Statistics.
A ruling has been published in the Official Gazette allowing non-residents of Brazil to use bank accounts in the country to make investments in the Brazilian financial and capital markets.
The public sector deficit stood at US$ 5.93 billion in August. The US$ 4.1 billion year-to-date surplus falls short of the government’s target.
The Brazilian Central Bank has lowered its growth estimate for Brazil’s Gross Domestic Product this year to 0.7%. Previous estimate stood at 1.6%.
The United Nations has denounced speculative funds like those that purchased Argentinean government bonds. The draft resolution was tabled by Argentina and approved by Brazil.
The Central Bank has maintained its forecast for the year. In the 12-month period ended August, credit was up 11.1%. The government’s credit incentive measures have prevented further decline.
International delegations will be in Brazil next October to see the electronic voting system. The delegates will attend lectures and pay visits to related organizations.
As of 2015, airlines will have to submit data on each passenger disembarking in Brazil. The action is aimed at punishing those who transport values illegally or smuggle drugs, weapons or medicine.
Expenditure amounted to US$ 2.354 billion, the highest figure for the month since 1995. Foreign direct investment in Brazil was also an all-time high for August.
