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APPENDIX 10

Glossary

ANVISA (National Agency for Sanitary Vigilance Brazil): Brazilian health agency,

BACEN (Banco Central): Central Bank of Brazil,

BNDES (Banco Nacional de Desenvolvimento Economico e Social): Development Bank mainly oriented infrastructure and export

CEF (Caixa Economica Federal e): Economic and Federal Fund,

CIDE (Contribuições Intervenção No. of Dominio Econômico): Contribution of 10% on transfers of funds abroad and paid by Brazilian companies,

COFINS (COntribuçao para o da Financiamento Seguridade Social): Tax on turnover,

CSLL (Contribuçao Social sobre o lucro Liquido): Tax Benefits,

FGTS (Fundo de Garantia do Tempo of Serviço): Reserve Fund employees,

IBC (Instituto Brasileiro de Contadores): Company Auditors Brazilian

IBRACON (Instituto dos Auditores Independentes do Brasil): Institute of Auditors and Accountants,

ICMS (Imposto sober Operações relativas to circulacao of Mercadorias e Serviços de Transporte sober Interestadual e Intermunicipal de Comunicação e): Tax on the Circulation of Goods and Services Transport and Communication,

INCRA (Instituto Nacional de Reforma Agraria Colonização e): National Institute of Spatial Planning,

INSS (Instituto Nacional de Seguro Social): National Institute of Social Security,

IOF (Imposto Sober Operações Financeiras): Tax on Financial Operations, Exchange and Insurance,

IPCA (Índice Nacional De Preços Consumidor Amplo Ao): price index used to measure inflation,

IPI (Imposto sobre Produtos Industrialisados): Tax on Industrial Products,

IPTU (e Territorial Urbano Imposto Predial): Property Tax,

IPVA (Imposto sober Propriedade of Veículos Automotores): tax on motor vehicles,

Personal income tax (Imposto Renda das Pessoas Físicas): Income Tax for Individuals,

IRPJ (Imposto Renda Pessoa Juridica): Income Tax of Legal Persons,

ISS (Imposto Sobre Serviços): Tax on Services,

ITBI (Imposto sobre a Transmissão Bens Imóveis): Tax on transfers for value of real property,

ITCD (imposto transmissão of causa mortis doação e) tax on transfers of assets,

MAPA (Ministério da Agricultura, Pecuaria Abastecimento e): Minsitère Brazilian Agriculture, Livestock and Supply,

NCM (Nomenclatura Comun do Mercosul): Common Nomenclature of Mercosur countries and based on internationally harmonized system of classification of goods,

PIS (Programa de Integração Social): Tax on turnover,

PROCON (PROtecçao do Consumidor): consumer protection body and punishment of economic fraud,

SEBRAE (Serviço Brasileiro cupboard as Micro Pequenas e Empresas): Brazilian Service of Support to micro and small enterprises,

Selic (Sistema Especial de Custodia e Liquidação): Base rates of the Central Bank,

SENAC (Serviço Nacional de Aprendizagem Comercial): National Service of Commercial Learning,

SENAI (Serviço Nacional de Aprendizagem Industrial): National Service of Industrial Learning,

SENATE (Serviço Nacional de Transporte do Aprendizagem): National Service Learning Transportation

SESC (Serviço Social do Comercio): Social Service of Commerce,

SESI (Serviço Social da Industria): Social Service of Industry,

SEST (Serviço Social do Transporte): Social Service of Transport.