Brazil’s Federal Revenue Service has issued guidance on extended tax benefits for the tax on industrialised/manufactured products (IPI) on 25 November 2024.
The extension is applicable to companies investing in R&D in the north, northeast, and midwest regions, as well as industrial entities in the SUDENE and SUDAM regions.
The extension includes sales until 31 December 2026 for approved projects by the end of 2024 or 2025 that expand or restart production in active or inactive plants.
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