Brazil studies removing import tax on steel, other products -source

Brazil's government is studying removing import tariffs on steel and ten more items, including food and construction products, to help cool down consumer prices, said a source familiar with the matter. The source, who spoke on condition of anonymity as the measures are under study, also pointed out that the government plans a tax reform with a 10% tax on dividends and a reduction in the tax burden on corporate income to 30% from 34%.


Reuters | Updated: 10-05-2022 02:00 IST | Created: 10-05-2022 02:00 IST
Brazil studies removing import tax on steel, other products -source

Brazil's government is studying removing import tariffs on steel and ten more items, including food and construction products, to help cool down consumer prices, said a source familiar with the matter.

The source, who spoke on condition of anonymity as the measures are under study, also pointed out that the government plans a tax reform with a 10% tax on dividends and a reduction in the tax burden on corporate income to 30% from 34%. The reform is lighter than a proposal already approved in the Lower House last year but not voted on in the Senate. It established a 15% tax on currently exempt company dividends, and a reduction in corporate income burden to 26%.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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