Decree to Exclude Products from Manaus Free Trade Zone

📉 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.

🔑 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.

📢 The government is removing products from the Manaus Free Trade Zone.

📋 There are limits to what can be done.