DELAY IN GAME-DEFINING INCENTIVES PACKAGE CAUSES UNCERTAINTY FOR BRAZIL AUTOMAKERS
March 1st, 2018
BRAZIL’S automotive industry is awaiting the final details and presidential sanction of a 14-year incentives program called Rota 2030, that will offer up to Brazilian Reals BRL1.5 billion (USD467.4 million) in annual tax credits sector-wide to auto and auto parts manufacturers selling cars in Brazil.
These will be available to companies that reach research and development investment targets, and there will be further tax cuts for meeting fuel efficiency goals by 2020.
But, as of March 7, Brazilian auto manufacturers were still awaiting the final details of ...
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