Announcement
17 May 2013
On May 17, 2013, the government of Brazil renewed the INOVAR AUTO program. This program allows from 30-32% reductions in capital tax payments of goods belonging to the automobile supply chain to Brazilian car manufacturers. Such tax reductions are contingent on the automobile companies following certain conditions, such as localisation requirements.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
17 May 2013
Revocation date:
17 May 2017
Announced: 17 May 2013
Local content incentive
On May 17, 2013, The Government of Brazil renewed, by Decree 8.015/13, the INOVAR AUTO program.
Created by Decree 7,819/12, this program grants a 30% tax exemption on the Industrial Production Tax (I...
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