MercoPress, en Español

Montevideo, March 29th 2024 - 10:10 UTC

Tag: PIS/Cofins

  • Friday, April 4th 2014 - 07:35 UTC

    Brazilian congress strikes down new taxes on the domestic soy market

    The country is the world's leading exporter of soybeans

    Brazil's Congress struck down this week a proposal to impose new taxes on the internal soy market after fierce opposition from the country's agricultural sector. An amendment to apply a tax known as PIS/Cofins on soybean sales to some domestic buyers had been removed from a bill to simplify taxation of Brazilian companies abroad that was passed by the lower chamber late on Tuesday.

  • Wednesday, April 24th 2013 - 05:49 UTC

    Brazil to the rescue of the sugar-ethanol industry with lower taxes and soft credit

    The content of ethanol in Brazilian gasoline will increase from 20% to 25%

    The Brazilian government has come to the rescue of the sugar-ethanol industry announcing that as of next May first the mandatory content of ethanol in gasoline will increase from 20% to 25%, taxes on the sugar-cane fuel will be eliminated and there will be soft loans to keep expansion going.