Brazil has published Decree No. 10.503 of 2 October 2020, which extends the temporary reduction of the federal tax on manufactured products (IPI) rate to 0% on goods used in combatting COVID-19, such as disinfectants, personal protective equipment, ventilator equipment, etc. Brazil has also published Decree No. 10.504 of 2 October 2020, which extends the temporary reduction of the financial transactions tax (IOF) rate to 0% on credit transactions. The reduction in the IPI and IOF rates were…