Author: Latin America News
Publish date: 2023-05-25 16:08:42
By Célio Yano
The government announced on Thursday (25) a tax benefits program for automakers.
The intention is to lower the cost of so-called popular cars and stimulate the production chain of the automotive sector.
According to the vice president and Minister of Development, Industry, and Commerce, Geraldo Alckmin (PSB), the program will allow vehicle prices to drop from 1.5% to 10.96%.
The companies will benefit from IPI, PIS, and Cofins exemptions on cars up to R$120,000 – cars above this level will not be able to participate in the program.
According to the government . . .
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