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Tag: IPI

By Chesney Hearst, Senior Contributing ReporterRIO DE JANEIRO, BRAZIL - Brazil will increase taxes on furniture, wood paneling and home appliances including refrigerators, stoves and semi-automatic washing machines beginning on Tuesday, October 1st following lower surplus results than expected....
By Ben Tavener, Senior Contributing ReporterSÃO PAULO, BRAZIL – The Brazilian government has extended its policy of reduced IPI (tax on industrialized products) for vehicles for a fourth time, with a return to standard rates now scheduled for December...
By Ben Tavener, Senior Contributing ReporterSÃO PAULO, BRAZIL – The Brazilian car industry had its most successful year to date in 2012, sales figures from the twelve months released by Brazil's Federation of Vehicle Distribution, Fenabrave, have revealed. Some...
By Ben Tavener, Senior Contributing ReporterRIO DE JANEIRO, BRAZIL – German car giant BMW has announced it will open a manufacturing plant in Brazil, with the first Brazil-made cars rolling off production lines by the end of 2014. The...
By Ben Tavener, Senior Contributing ReporterRIO DE JANEIRO, BRAZIL – The reduction in the tax on industrialized products, known as IPI (Imposto sobre Produtos Industrializados), that was brought in to encourage spending on cars and domestic white goods, such...
By Ben Tavener, Senior Contributing ReporterRIO DE JANEIRO, BRAZIL – Brazil’s automobile industry has beaten its own sales record for the fifth year running, bettering sales figures for the previous year, and making it the fifth biggest car seller...

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