Decree to Exclude Products from Manaus Free Trade Zone
Government excludes products from Manaus Free Trade Zone, protecting production and reducing taxes, resulting in fiscal waiver of up to 15 billion reais.
00:00:00 The government excludes products from the Manaus Free Trade Zone, after multiple attempts to reduce taxes. However, the decree has faced suspensions and is still partially in effect.
📉 The government has attempted to reduce the tax on industrialized products by 35% but faced challenges.
🏭 The reduction of the tax would affect the competitiveness of the Industrial Park in the Amazon region.
⚖️ The government issued a new decree excluding products manufactured in the Manaus Free Trade Zone from the tax reduction.
00:01:03 Government excludes products from Manaus Free Trade Zone, protecting relevant production and reducing taxes on nearly 4,000 products, resulting in a fiscal waiver of up to 15 billion reais.
🔑 The new decree excludes IPI discounts for almost 100% of products similar to those produced in the Zona Franca de Manaus.
⚙️ The reduction in the IPI tax will affect nearly 4,000 products, resulting in an estimated fiscal loss of up to 15 billion reais for the government.
💼 The measure is expected to benefit the entire economy and promote fiscal responsibility.
00:02:07 Government excludes products from Manaus Free Zone.
📢 The government is removing products from the Manaus Free Trade Zone.
📋 There are limits to what can be done.
Want to deep dive into this video?
