Brazil’s Economy Ministry prepares new decree to cut tax on 4,000 products

The government is preparing a new decree to reduce the Tax on Industrialized Products (IPI). The idea is to replace the previous cut, which the Federal Supreme Court (STF) questioned.

According to sources, the reduction will be 35% and apply to 4,000 products not manufactured in the Manaus Free Trade Zone.

The region manufactures home appliances, vehicles, motorcycles, bicycles, TVs, cell phones, air conditioners, and computers, among other products. Cigarettes should also be . . .

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