Brazil ZEROES import tax for goods from two industries; see which ones 1

Brazil ZEROES import tax for goods from two industries; see which ones

Last Monday (2/10), exciting news paved the way for the advancement of the technology in Brazil.

The Brazilian government, through the Executive Management Committee of the Chamber of Foreign Commerce, announced a measure that promises to revolutionize the sector: the reduction to zero percent of the Import Tax rates on IT and Telecommunications Goods.

This decision, based on recent regulations, has as main objective to stimulate the growth of the national technology industry, facilitate access to cutting-edge technologies and strengthen the position of the Brazil in the global innovation scenario.

Brazil ZEROES import tax for goods from two industries; see which ones 2

Image: SPS Consultoria/Reproduction

Gecex Resolution No. 512, of August 16, 2023, brought important changes, excluding taxation on some items and including others, benefiting a wide range of essential products for the technology sector.

Featured Products

Among the products benefiting from this measure, the following stand out:

  1. Toothed roller supports for paper alignment: These supports, made of steel, play a key role in accurately aligning paper in printers. Reducing the tax burden will facilitate access to these crucial components for the printing industry.

  2. Front paper guides: these guides, produced with high quality thermoplastic materials, are essential for feeding paper into printers. The tax exemption will help keep production costs under control, which could result in more competitive prices for end consumers.

  3. Printed Circuit Boards: A central component of many electronic devices, reducing the tax burden on these boards can stimulate innovation and local production of electronic products.

  4. High voltage signal transmission equipment: crucial in the transmission of signals on high voltage networks, tax exemptions can encourage the modernization of electrical networks and increase the reliability of energy supply.

  5. Electronic tilt sensors: essential to ensuring safety in load-handling machines, tax exemptions can make these devices more accessible, promoting a safer work environment.

This tax reduction not only strengthens the competitiveness of national industry, but also stimulates innovation and modernization in various sectors.

Furthermore, the initiative promotes access to advanced technologies, benefiting society as a whole. It represents an important step towards the country’s technological and economic development, positioning Brazil on the global innovation radar.