Brasília – The Brazilian Chamber of Foreign Trade (Camex) lowered the taxes on two industrial inputs and extended the tax reduction on two other inputs to avoid shortages in the domestic market. Among the products covered is a metal used in the drilling of the pre-salt layer fields.
The measures are part of a resolution published this Thursday (18th) in the Federal Official Gazzete. Iron-molybdenum had its tax lowered from 6% to 2% for 12 months for allotments of 2,911 tons. The metal is also used in the aviation sector and industrial engines. Camex also lowered from 10% to 2% the import tax on lignosulfonates for 12 months in allotments of 72,000 tons. Lignosulfonates are used in the chemical industry, in the production of food for animals and agricultural pesticides and in the manufacturing of plasticizer additives by the construction industry.
The resolution also extended, for a year, the 2% lowered tax on two chemical compounds: monoisopropylamine and dimethylamine, which were formerly taxed 14% and 12%. Both are used in the manufacturing of agricultural pesticide and herbicides.
*Translated by Sérgio Kakitani
