Follow
After the Brazilian elections one argued about side effects on Brazilian economy – at least to some sectors. That it not necessarily must be negative outlines a report recently published („Re-election guarantees support to carmakers“).
The main topic of this article is an initiative of the Brazilian government called INOVAR-AUTO, which supports companies producing and selling automotive technology in Brazil. The main benefit is an tax reduction up to 30% of IPI (tax on industrial prodcuts).