Trade and markets
 

Detail

Area
Brazil
Commodity Group
Rice
Commodity
All
Date
01/03/2013
Policy Category
Consumption and marketing
Policy Instrument
Tax policy
Description
Exonerated products composing the basic food basket, including rice, from Social Integration Program (PIS), Contribution to Social Security Financing (COFINS) and Industrialized Products Tax (IPI) taxes. The move will make the exemption permanent in the case of rice, which had been intermittently exempted from the federal levies in recent years. The initiative is intended to assist the population in coping with inflationary pressure.