It also cut taxes on cement, paint and other construction materials in a bid to revive major sectors in Brazil, Latin America’s largest economy, the New York Times reported.
The government said the measures cost 1.5bn reais (US$645.2m) but would be offset by higher taxes on cigarettes.
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Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Continental has secured the Window Displays Innovation Awardin the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.
