With the exception here and there in the recent history of the country (mainly caused by fluctuations in the dollar quotation over the last few years), buy electronic and computer products has always been disadvantageous in Brazil especially if you are able to travel abroad and bring the desired equipment from another country. This disadvantage, however, may be reduced soon.
– To stimulate competitiveness and technological innovation, the government is studying, through the Ministry of Economy's secretariat, the possibility of reducing from 16% to 4% import taxes on information technology products, such as computers and mobile phones.
– Jair M. Bolsonaro (@jairbolsonaro) June 16, 2019
On Twitter, the president Jair Bolsonaro indicated the possibility that at some point in the future reduce import taxes about information technology products, such as computers and cell phones. Taxes, he said, would be reduced from 16 percent to 4% and would also encompass the category of electronic games; logically, the apple products they would also be included in this package, although Bolsonaro did not name them by name.
According to Bolsonaro, the measure is being studied in conjunction with a secretary of the Ministry of Economy and would aim to stimulate competitiveness and technological innovation; The President, however, did not give further information about this study or a possible timetable for the implementation of the change. It is only known that the reduction could be applied until the end of his term in 2022. It was also unclear which of the taxes on imported goods would have their reduction studied.
The Foreign Affairs and Foreign Affairs Special Secretary of the Ministry of Economy, Marcos Troyjo, had already discussed the possibility of such a measure in the last week. According to him, the tax reduction would multiply “several times” the country's domestic productivity, emphasizing that information technology is an important input for technological advances.
Does that promise hot or just steam? We will, of course, have to wait and see.