Brasília – The Foreign Trade Board (Camex) has reduced to 2%, up to June 30th, 2012, the Import Tax on 417 products, among them capital goods (machinery and equipment) and information and communication technology equipment. The previous tax ranged from 12% to 14%. The bill lowering the tax was published in the Thursday (17) edition of the Official Gazette.
The mechanism has been used by governments since 2003, for the private initiative to be able to acquire information and communication technology abroad that is not made in the country. Investment forecasted in projects benefited by the lower import tax totals US$ 2.1 billion.
*Translated by Mark Ament
