Brazilian government grants incentive to exportersStaff writer ▼ | September 30, 2014
Brazilian federal government is granting a 3% credit to manufactured good exporting companies beginning next October.
Good news A bit better life for exporters
The initial plan was a 0.3% credit, but according to Mantega, the government increased the rate to 3% because the manufacturing industry was badly hit by the 2008 crisis.
The government has also announced tax breaks on input imports for the manufacturing of export products. R$ 200 million ($81.3 million) have been added to the budget of the Proex export financing program.
According to information from the Ministry of Finance, the government has also committed to implementing measures to streamline export and import costs and deadlines. ■