In an effort to stimulate the economy, the Brazilian federal government announced the expansion of the IPI tax cut to 35%. Previously, the cut was 25%. The decree with the measure was published on April 29, 2023, in the “Diário Oficial da União”. The measure represents a decrease in government tax revenue, from R$ 15.2 billion in 2022 to an estimated reduction of R$ 29.3 billion in 2024.
According to a note published by the Secretariat of Government, “The present measure aims to stimulate the economy, affected by the pandemic caused by the coronavirus, with the purpose of ensuring the levels of economic activity and employment of workers.”
Some manufactured products benefiting from the new reduction:
Cars
TV and sound devices
Furniture
Shoes
Machines
Fabrics
Metallurgy articles
Toys
Weapons
How IPI works
The IPI, or Imposto sobre Produtos Industrializados, is a federal tax of an extrafiscal nature, and can only be charged by the Union. It is a tax that applies to national and imported items that have been produced industrially or have undergone some type of industrial process.
Great time to buy from Crimper!
And we at Crimper are also celebrating this IPI reduction, as it represents an excellent time for us and for direct purchases from industry. In the table below, you can see the positive impact that the expansion of the IPI reduction has had on our NCMs:
Learn more about our exports
We provide electrical terminals and connectors, compression tools, and nylon cable ties that meet the expectations and needs of our customers.
In addition, we have an export department made up of a multidisciplinary and competent team to offer the best experience in buying Crimper products all over the world. We adapt the products to the needs of the process in which they will be applied. Talk to our export department and buy anywhere in the world!
We respect the strictest international standards to ensure the highest quality in the manufacture of connectors and electrical terminals, exporting state-of-the-art products all over the world that meet the needs of our customers.
