Announcement
23 Apr 2013
In April 2013, the Government of Brazil announced the introduction of a set of measures to promote investments in ethanol. These actions included the reduction of the PIS/Cofins taxes, a production subsidy to increase the production of ethanol, as well as the decrease of the annual interest rate set on several credit lines financed by the government.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
01 May 2013
Revocation date:
No revocation date
Updated: 23 Apr 2013
Tax or social insurance relief
In force
On 23 April 2013, the Government of Brazil announced the elimination of the PIS/Cofins tax for ethanol producers. The objective of the measure is to promote investments in ethanol. For this, a...
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