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Brazil will end a tax exemption for importing electric vehicles, gradually raising the duty to 35% over three years, Industry Ministry official Uallace Moreira told Reuters on Friday. Brazil-based ...
Brazil's lower house of Congress approved on Tuesday the main text of a bill that would enact a new 20% import tax on international online purchases under $50, significantly down from a higher tax ...
Brazil’s lower house has approved a major reform of the nation’s notoriously complicated tax system in a major victory for leftist President Luiz Inácio Lula da Silva, who threw his weight ...
With the change in the Brazilian tax system, made possible by Amendment No. 18 of 1 December 1965, there was significant growth, reaching up to 26% of GDP index. In 1986, the analysis of the tax burden resulted in 26.2% of the national GDP. The analysis of the Federal Revenue of Brazil for 2005 indicates the percentage of 37.37% of GDP.
The Special Department of Federal Revenue of Brazil (Portuguese: Secretaria Especial da Receita Federal do Brasil), most commonly referred to as Receita Federal (RFB) is the Brazilian federal revenue service agency and a secretariat of the Ministry of the Economy. The bureau has the role of administering tax collection and the customs of Brazil.
EVs are exempt from the 5%-10% company car tax rates which are part of the Corporation Income Tax. The Budget Law provides for an increase of the depreciation costs related to the purchase of EVs for the purpose of Corporation Income Tax. Portugal established a government subsidy of €5,000 for the first 5,000 new electric cars sold in the ...
Lawmakers in Brazil's lower house of Congress approved on Tuesday the main text of a bill that would carry out a major overhaul on consumption taxes, while voting on amendments to the proposal is ...
Brazil is a federal presidential constitutional republic, which is based on a representative democracy. The federal government has three independent branches: executive, legislative, and judicial. [1] The Federal Constitution is the supreme law of Brazil. It is the foundation and source of the legal authority underlying the existence of Brazil ...