On 25 February 2022, the Federal Government Officially published Decree 10.979/2022, which reduces tax rates by 25% on manufactured products (IPI) such as, freezers, fridges, ovens and washing machines. The decree establishes 18.5% of IPI to be collected in items such as passenger cars and other passengers’ vehicles. Also, note that, No harmful or hazardous products, such as liquor and tobacco were excluded in the reduction list. This reduction takes effect from the date of the publication.
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