New brazilian government reduction taxes will result in an impact of 15,2 billions of reals in 2022.

A signed decree by the president of Brazil, Jair Bolsonaro, on saturday, 30 of july made official an reduction of 35% under IPI (taxes over industrialized products) and started to take effect on the same day was signed. The products made in “Zona Franca de Manaus” wasn’t affected by the reduction.

Is estimated that the new aliquots results in an fiscal impact of 15,2 billions of reals in this year and according to the government, the intention is “contribute to the reindustrialization of the country” and incentivate the “competitiveness of the national industry and the consequent potential for generating employment and income in all regions”