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3. The National Investment Resolution n. 116/2020 and Resolution n. 117/2020 from the Ministry of Economy updated the list of capital goods (BK) and computer and telecommunications goods (BIT) subject to the temporary exemption on the Import Tax granted by the “ex-tariff” regime.

The National Investment Resolution n. 116/2020 and Resolution n. 117/2020 from the Ministry of Economy updated the list of capital goods (BK) and computer and telecommunications goods (BIT) subject to the temporary exemption on the Import Tax granted by the “ex-tariff” regime.

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The “Ex-tariff” regime allows for a temporary reduction on current import duties applied to listed capital goods (BK) and computer and telecommunications goods (BIT). The system aims to boost investments in BK and BIT without national equivalents and to enable the incorporation of technologies that do not exist in Brazil. The expected results are an increase in productivity and competitiveness and the multiplier effect of employment and income on several segments of the national economy.