VATupdate

Share this post on

Brazil Extends Tax Incentives for Tech Sectors Until 2029, Offering Exemptions and Relief

  • Brazil has extended tax incentives for semiconductor and ICT sectors until 31 December 2029
  • Law No. 14.968, dated 11 September 2024, published in the Official Gazette
  • Tax exemptions on PIS/COFINS, IPI, and import duties for essential software, machinery, equipment, and raw materials
  • Tax relief on profits from qualifying product sales.

Source: regfollower.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

Sponsors:

VAT news

Advertisements: