The federal government announced this Thursday (25) the reduction of federal taxes levied on new cars of up to R$ 120,000. The discount aims to reduce the price of cars.
The measure was communicated by the vice-president and Minister of Industry, Geraldo Alckmin (PSB). According to him, the reduction in taxes will vary between 1.5% and 10.79%, depending on the price of the car, the quantity of domestic parts used and how much it pollutes the environment. Cheaper, more national and less polluting cars will have more discounts.
“We are going to have a methodology combining the cheapest price, energy efficiency and industrial density to put this discount on the vehicle price”, said Alckmin, after leaving a meeting with president Luiz Inácio Lula da Silva (PT) and representatives of the automobile sector at the Planalto Palace.
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According to Alckmin, details about this discount table will still be defined by the Ministry of Finance, led by Fernando Haddad (PT). The government stipulated a period of 15 days for this to be defined.
At the beginning of the month, President Lula had already signaled that the government would act to reduce the price of new cars. “Which poor person can buy a popular car for R$90,000? A R$90,000 car is not popular. It is for the middle class,” he said, at a ceremony in Brasília.
Today, the cheapest car in Brazil costs almost R$70,000. The government’s idea is for this price to drop to between R$50,000 and R$60,000.
The president of the National Association of Automotive Vehicle Manufacturers (Anfavea), Márcio Lima Leite, said that it is possible for prices to fall below R$ 60,000.
According to Alckmin, the tax discount is temporary, to stimulate the automobile industry, which has a considerable level of idleness. He did not say how long the tax reduction should be in effect.
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“The stimulus proposal is transitory and for this moment, when the industry is very idle”, he said.
The taxes that will be reduced are the Industrialized Product Tax (IPI) and the PIS/Confins, which is a contribution to Social Security.
Editing: Thalita Pires
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