Decree increases for 45% IPI on diesel carsDecree also changes special tax regime automakers.
Tax rates About the Industrialized Products (IPI) incidents of domestic manufacturing of cars with diesel engine for up to six passengers were increased as Decree 8.544/15 published in the Official Gazette (DOU) Thursday (22). The rate of tax was reduced to 15% now move to 45% up until 31 December 2017, returning again 15% on January 1, 2018.
The published decree also amends several sections of the regulation of Innovate-Auto, special tax regime granted to automakers. Or text, for example, inserts new commitments that companies may take as conditions for joining the program. Between them, They may be computed for the benefits of the scheme expenditures of companies to achieve the ratio of consumption in flex-fuel engines (of hydrated ethanol and gasoline) above 75%.
The amendments also cover, among others, questions about the use of IPI presumed credit by automakers.