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Chamber approves MP that changes incentives for the petrochemical industry

The Chamber approved this Tuesday (31) one of the six amendments by the Senate to the provisional measure (MP) that amends tax incentives for the chemical and petrochemical industry under the Special Regime for the Chemical Industry (Reiq). The other five amendments were rejected by the deputies. The text goes to presidential sanction.Chamber approves MP that changes incentives for the petrochemical industry

This credit is equivalent to 0.5% of PIS/Pasep and PIS/Pasep-Import and 1% of Cofins and Cofins-Import levied on the calculation basis of these taxes.

According to the text approved in the Chamber, instead of the immediate termination of the incentive, as was foreseen in the original MP, there will be a transition until 2027, with extinction from 2028.

The Senate amendment approved by the deputies establishes a new right to presumptive credit for petrochemical plants and chemical industries that commit to expanding their installed capacity, expanding their production capacity or installing new plants to use natural gas in the production of fertilizers.

* With information from the Câmara de Notícias Agency

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