Decree that reduces the tax on industrialized products was published. See below which products will be affected.

High taxes are the cause of complaint by most Brazilians.

And it's no wonder, since our tax burden is one of the highest in the world.

When buying a product and checking the invoice, the consumer can see how taxes directly affect the high prices of some products.

Therefore, any tax reduction measure is celebrated by the population.

As had already been announced by Minister Paulo Guedes on the 22nd, the IPI reduction was published in the Official Gazette on the 25th.

The government announced that this measure aims to give more stimulus to the economy, also generating a tax waiver on the part of the Planalto, which will no longer collect around R$ 19 billion in 2022 alone.

IPI (Tax on Industrialized Products) is the tax levied on any national or imported item that has undergone some industrialization process.

It is a federal tax, that is, it can only be collected by the federal government, the Union.

Economically, it is known as an extrafiscal tax, which is a tax developed to encourage or discourage economic behavior by the population.

This means that the rate of this tax can be changed to generate economic and social impacts in the country as of the presidential decree.

This type of change has already occurred in order to reduce the rate (cars) or increase it (cigarettes).

IPI is levied on practically all industrialized products, with some exceptions.

In the case of domestic products, the incidence is made when the product leaves the factory. In the case of imported products, this incidence is made at customs.

The following categories of industrialization are considered:

The rules established by the IPI reduction decree are already valid from February 25th.

The decree provides for two percentage reductions:

It is worth remembering that these reductions will only reach the final consumer as new stocks arrive at stores and dealerships.

If you are thinking of buying an industrialized product, it is worth considering waiting a little longer to buy it at a reduced price.