The Senate approved on Thursday (12) the Provisional Measure (MP) 1,079/2021, which extends for another year the term of the special customs regime of drawback, an export tax incentive given to companies when they buy raw materials and goods for the production process. The matter goes to presidential sanction. 
The deadlines had already been extended once. This time, the government’s justification is that the economic effects of the covid-19 pandemic on the production chain still persist and this could harm exporting companies that were unable to effectively sell their products due to the drop in demand.
The text allows the extension for the concession acts that end in the years 2021 and 2022 and determines that from January 1, 2023, cargoes with goods will be exempt from paying the Additional Freight for the Renewal of the Merchant Marine (AFRMM). imported under the drawback regime.
Benefit
THE drawback it is a system by which the exporting company has exemption, suspension or reduction to zero of tax rates levied on goods, inputs and products used in the manufacture of another product to be exported.
In order to benefit from the benefit, which covers taxes such as Import Tax, Tax on Industrialized Products (IPI), PIS and Cofins, the company must apply to the Foreign Trade Department of the Ministry of Economy, responsible for granting the drawback, which defines a deadline for the export to be carried out, under penalty of payment of the taxes due.
