Country:Brazil
Year:2011 (last updated 2015)
Policy status:In Force
Jurisdiction:National
Date Effective:2011 (last updated 2015)
Date Amended:

2014;

2015 - tax credit level elvated;

Policy Type:Economic Instruments>Fiscal/financial incentives>Tax relief
Policy Target:Bioenergy>Biofuels for transport>Bioethanol, Bioenergy>Biofuels for transport
Policy Sector:Transport
Size of Plant Targeted:Small and Large
Agency:The Ministry of Finance;
Legal References:Decreto nº 7.633, de 1º de dezembro de 2011
Description:

Brazilian sugar and ethanol exporters are eligible to receive a tax credit calculated as a percentage of the value of products exported out of Brazil. Tax credit for period 10th to 31st December 2014 is equivalent to 0.3% of exports value. From 1st January 2015 the tax credit was elevated to 3% calculated on the revenue from the export of such goods.

Under Reintegra Program, credits can be 1. refunded in cash or 2. offset against federal taxes and contributions (due or coming due) administrated by the Brazilian Federal Revenue (RFB). The credit amount will be tax exempted

Last modified: Wed, 19 Aug 2015 10:10:42 CEST