Two of the reducedtax products are airbags to protect motorcyclists and whey proteins.
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247 The Executive Committee (Gecex) of the Chamber of Commerce (Camex) of the Ministry of Economy announced this Wednesday (17) the reduction of seven items in import taxes for Brazil. Three of them are airbags to protect motorcyclists, whey proteins and nutritional supplements.
The items will be added to Mercosur’s list of Common External Tariffs (LETEC) exemptions, according to a report published by CNN Brasil on Wednesday.
According to the Ministry of Economy, lactalbumin (which contains concentrates of two or more whey proteins) will see a reduction in import rate from 11.2% to 4%.
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“With the inclusion in Letec, import duties on these items which have ranged from 11.2% to 35% will be set to zero or reduced to 4% from September 1,” Gecex said in a statement.
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