BRAZIL: Auto tax and localisation requirements rise
Author: Fernando Calmon | 3 January 2012
A 30% increase in IPI (industrialised products tax) has hit imported and some locally-made cars since 16 December but the Brazilian government softened the blow with a 30% cut for for those who can produce locally with a new minimum local content or import Mexican or Mercosur-made models under existing free-trade accords.
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