Brasília – The Brazilian government has lifted the import tariff on purchases of aircraft and flight training devices, and on the purchase of parts for manufacturing, maintenance, processing, modification, industrialization and repair of aircraft. Resolution #55 of the Foreign Trade Board (Camex), which mandates the change, was published on today’s (6th) edition of the Official Gazette .
The lowering of taxes under the Common External Tariff had been passed at the last meeting of the Camex’s Executive Management Committee (Gecex), on August 5th. Although it was motivated by a Brazilian proposal submitted to Mercosur member countries and unanimously approved – geared towards reducing the effects of the international economic scenario on the aircraft industry –, the reduction concerns products to be imported from any country.
In other resolutions, the Camex temporarily reduced costs on imports of 410 products, by means of a mechanism known as ex-tariff – which encourages investment in production by reducing the cost of purchasing, from abroad, capital goods, computers and telecommunication equipment that are not manufactured domestically. The measure will remain in effect until June 30th, 2012.
Under Resolution #53, the import tax on capital goods has dropped from 14% to 2%. Tax on imports of computer and telecommunication pros has also been lowered to 2%.
*Translated by Gabriel Pomerancblum
