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January 2, 2022
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President extends IPI exemption on car purchase

President extends IPI exemption on car purchase

The President of the Republic, Jair Bolsonaro, sanctioned Bill (PL) 5,149 of 2020, which extends the exemption from the Tax on Industrialized Products (IPI) on the purchase of cars of up to 2,000 cubic capacity by professional drivers, such as taxi drivers and application drivers , and for people with disabilities. The sanction was published this Friday (31) in the Official Diary of the Union (DOU).President extends IPI exemption on car purchase

The extension of the IPI exemption on the purchase of new vehicles is valid until December 31, 2026. The benefit is valid for the acquisition of new vehicles of up to R$ 200 thousand, including applicable taxes. Previously, this limit was R$ 140 thousand.

The exemption is valid for professional drivers and for people with severe or profound physical, visual, hearing and mental disabilities and people with autism spectrum disorder.

The project had a vetoed section, which expanded the exemption to include non-factory accessories. Today, only accessories and options that are from the factory benefit from the exemption. The device was vetoed on the grounds that the calculation of the financial economic impact was not made, nor were compensatory measures presented.

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