São Paulo – Brazil’s Foreign Trade Chamber (Camex), the government’s foreign trade policymaking body, has approved a resolution lowering import taxes on six different industry inputs. The goal is to prevent a shortage on the domestic market. The ruling was issued this Friday (16th) in the Federal Official Gazette.
The tax cuts are as follow: aluminium sheets and coiled strips, from 12% to 2% up to a maximum quota of 2,000 tonnes, valid for 12 months; barium sulphate, from 10% to 2% for 12 months, up to 10,000 tonnes; aniline and its salts, from 12% to 2% for 12 months, up to 7,500 tonnes; titanium oxide, from 10% to 2%, for 12 months, up to 8,000 tonnes; anhydrous disodium phosphate, effective as of April 13th, from 10% to 2% for six months, up to 425,000; and palm kernel oil, effective as of April 17th, from 10% to 2% up to a maximum quota of 116,157 tonnes.
Last Thursday (15th), Camex had already lowered the import tax on up to 0.2 millimetres-thick aluminium sheets and strips, also to prevent domestic undersupply. In this case, the measure will become effective on the 31st and remain valid for six months, for up to 2,137 tonnes.
*Translated by Gabriel Pomerancblum
