Tax incentivepc

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Tax incentivepc

  1. 1. Página 1 de 1II - I j1- -- T 115 pnnted artlc~e may not De photocopied a"d 5 for he excluslve use of:vls E.nca A)i<, multi-user iicence please contact ,Alar Mowat ali +44 20 7234 0606 F-or ô I I !I June 04 2003 - BrazilI Congress rants tax incentives for mlcroprocessors. Aok,A"ogouo, ""OC"OO; I The Brazilian Congress has approved Provisory Measure 100/02, which provides that industrial I product tax will not be charged on microprocessors worth less than R11 ,000 in 2003, The proposal foresees that after 2003, the amount of tax levied will continue to be reduced, by 95% in 2004 and 2005, and by 70% between 2006 and 2009 (when the tax relief will cease).In arder to be able to take advantage of this incentive, companies wifl need to (i) meet certaintechnical and production requirements, and (ii) invest at least 2.5% of the;r net domestic revenue inresearch and development. This provisory measure amends Laws 8248/91, 8387/91 and 10176/01, ali ofwhich oversee the competitiveness of the information technology sector. The government has a history of using tax incentives to stimulate growth in the IT sector, granting tax relieffor computers and electronic goods in 2000. Erica Aoki, Aoki e Farias Advogados Associados, Sao Paulo© Copyright 2004 - 2008 Globe Business Publishing Ltd

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