Foreign trade
Measure facilitates the purchase of capital goods (BK) and IT and telecommunications (BIT) without national production; by 2019, reduction already reaches 1,189 products to encourage investments
The Secretariat of Foreign Trade and International Affairs (Secint) of the Ministry of Economy (ME) approved this Friday (2/8) 281 ex-tariffs for machines and equipment without production in Brazil. The measure temporarily clears the Import Tax rates of 261 capital goods (BK, according to the Mercosur Common Foreign Tariff nomenclature) and 20 IT and telecommunications goods (BIT).
The reduction is contained in two Secint ordinances published today in the Official Gazette (DOU). The Ordinance No. 510decreases from 14% to zero the rate of 261 BK, including 240 new and 21 renewals. Already Ordinance No. 511 defines 20 new ex-tariff for BIT, which will have the rate reduced from 16% to zero.
According to the Undersecretary of Commercial Strategy of the Executive Secretariat of Secint's Chamber of Foreign Trade (Camex), in 2019 alone a total of 1,189 ex-tariffs for BK and BIT were already granted. The objective is to promote the attraction of investments to Brazil, relieving the investments directed to productive enterprises.
The Secretariat of Industry, Commerce, Services and Innovation Development (SDIC) of the Ministry of Economy carried out the procedures and analyzes of the two ordinances in accordance with Camex Resolution 66/2014. The procedures use the new criteria introduced by Ordinance No. 309/2019 of the Ministry of Economy , which expand the possibility of ex-tariff concessions, still depend on SDIC regulation.
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