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February 26, 2022
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Government publishes reduction of up to 25% in IPI rates

Public debt could reach up to BRL 6.4 trillion in 2022

The federal government published this Friday (25) a decree that reduces the rates of the Tax on Industrialized Products (IPI). The measure alleviates the tax burden on the production of automobiles, home appliances of the so-called white line – such as refrigerators, freezers, washing machines and dryers – and other industrialized products. The text, signed by President Jair Bolsonaro, appears in extra edit of Official Diary of the Union (DOU).Government publishes reduction of up to 25% in IPI rates

For most products, the reduction was 25%. Some types of automobiles had a smaller reduction in the rate of 18.5%. Products containing tobacco had no tax reduction.

According to calculations reported by the Ministry of Economy, the IPI reduction will represent a tax waiver of R$ 19.5 billion for the year 2022, R$ 20.9 billion for the year 2023 and R$ 22.5 billion. billion for the year 2024.

As it is an extrafiscal tax, of a regulatory nature, the presentation of compensation measures is waived, as authorized by the Fiscal Responsibility Law, stressed the government.

To justify the tax waiver, the government highlighted that federal revenue in January 2022 totaled R$ 235.3 billion, a record volume that represents an 18.30% increase compared to the same month last year, after discounting inflation. time course.

“There is, therefore, sufficient fiscal space to enable the reduction now made, which seeks to encourage domestic industry and commerce, reheat the economy and generate jobs. of the Republic, in note.

CNI

In a statement, the National Confederation of Industry (CNI) celebrated the reduction of the IPI by emphasizing that industry is the most taxed sector of the economy in the country.

According to the entity, the trend is to have a reduction in the prices of industrial products, with impacts on inflation, since the prices of the segment represent 23.3% of the Broad Consumer Price Index (IPCA).

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