The Special Secretary for Productivity and Competitiveness of the Ministry of Economy, Daniella Marques, said this Friday (29) that the expansion from 25% to 35% of the reduction in the rates of the Tax on Industrialized Products (IPI) has the potential to increase investments in Brazil by R$ 534 billion over the next 15 years.
According to her, the measure benefits 300,000 companies in the industrial sector, preserves the fiscal target and transforms the increase in collection into tax reductions.
The measure, published in the Official Gazette (DOU) this Friday, 29, will take effect from May 1.
“The expectation is that goods will be cheaper for the final consumer. For example, the tax on refrigerators drops from 20% to 13%. We will continue to seek solutions in this direction, with fiscal responsibility”, she said.
Manaus Free Zone
According to Daniella, the products manufactured in the Manaus Free Trade Zone had their competitiveness preserved and 76% of them were excluded from the new decree.
“The Manaus Free Zone product group follows with a 25% reduction in the IPI”, said the special secretary for Productivity and Competitiveness of the Ministry of Economy.
