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December 23, 2021
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Camex reduces import tax for auto parts to 2%

Camex reduces import tax for auto parts to 2%

The Executive Management Committee (Gecex), of the Foreign Trade Chamber (Camex), of the Ministry of Economy, reduced the taxes levied on the import of 12 auto parts products without national production. Rates dropped to 2%. The measure was published today (23) in the Official Diary of the Union and enters into force on January 1, 2022. Camex reduces import tax for auto parts to 2%

According to the Ministry of Economy, the reduction was adopted as a result of claims for the inclusion of products, made available in public consultation, and for which equivalent national production capacity was not identified. The average rate for these 12 products was 16%.

Tax

Gecex Resolution No. 284/2021 also revokes previous acts that dealt with the auto parts regime and, in this sense, consolidates in a single normative act the list of products with a 2% reduction in the Import Tax rate.

According to the government, there are 3,682 products in total, with 3,420 in the list of auto parts destined for production and 262 in the list of auto parts considered capital goods or IT and telecommunications goods.

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