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Brazil Reduces Maximum Tax Refund for Exporters

|Approved Changes|Brazil
Brazil

On 22 October 2015, Brazil published Decree 8,543/2015 in the Official Gazette. The Decree reduces the maximum tax relief (refund) under the REINTEGRA regime for exports to the lowest rate of 0.10% of gross export income until the end of 2016, 2% in 2017, and 3% from 2018. The reduction to 0.1% applies from 1 December 2015.

Currently, refund rates range from 0.10% to 3% depending on the type of goods.

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