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BRASÍLIA – President Michel Temer on Tuesday sanctioned the new incentive program for car manufacturers in Brazil christened Route 2030 . To cancel part of the benefits included by the National Congress, the president vetoed eight points of the law that, in the government's view, are "unconstitutional or contrary to the public interest" to increase public spending.
In order to take advantage of the benefits of Route 2030, bademblers must follow a set of rules, particularly with respect to safety and fuel efficiency of cars. They will need to invest in research and development to exceed targets such as improving the energy efficiency of vehicles by 11% by 2022 (reducing fuel consumption and pollutant emissions) ).
One of the excerpts, in section 30 of the new law, allowed automakers to use federal tax credits to also offset the social security contribution up to the end of the year. in 2030 – period of validity of the program. The Plbadto recalled that the country was "in a sensitive moment where the high deficit of the social security is discussed", to justify the veto.
Another section 33 article sought to validate administrative acts that would benefit the production of quadricycles and tricycles – and their parts – made in the Manaus Free Trade Area.
"The scheme does not clearly define the scope of the acts that would be validated and may represent a surrender of any tax credit constituted, with an unmeasured tax impact and generating legal uncertainty to recommend this veto "said the Plbadto.
Articles 34 and 35 were totally vetoed because they exempted the IPI from components, chbadis, parts and other raw materials of the automotive industry imported by third parties on the orders of their factories. Current legislation provides a benefit only when the industries themselves import the inputs.
According to the Plbadto, both articles were contrary to the Fiscal Responsibility Act (LRF), in that they increased the effects of tax exemptions without projecting the value of the impact. of the measure and without providing for compensatory recovery measures.
Articles 36 and 37 are also subject to a total veto, which applies to all electric cars and hybrids – of any power – an exemption from the tax on financial transactions (IOF) in connection with operations of financing for the purchase of automobiles by taxi drivers and handicapped persons.
"The pbading of a law that creates or amplifies tax benefits without respecting budgetary and financial constraints is contrary to the public interest. The proposal represents a significant increase in the concession of 39; tax benefit and, therefore, an increase in the renunciation of income, without meeting the requirements of the LRF ", justified the Plbadto.
Article 31 was vetoed because it aimed to increase Reintegra rates from 1% to 3%, from 2% to 5% for the period from January 2019 to December 2023. pbadage also aimed to extend the benefits of Reintegra the retail sale of footwear and travel items. Article 38, also opposed to the veto, extended Reintegra to the industries authorized for Rota 2030. Reintegra is a program that "returns" to entrepreneurs a portion of the value exported in the form of products manufactured with PIS and Cofins credits.
Section 32 was vetoed as it increased the percentage of Cofins-Furniture Imports by one percentage point. "The changes to the legislation presented in the original measure are only allowed if the relevance is kept by theme and if they do not lead to an increase in expenditure," explained the Plbadto.
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