São Paulo state government in Brazil has kicked off IncentivAuto, an incentive program promising to reduce the state VAT (ICMS) tax rate by up to 25% for vehicle manufactures investing at least 1bn reais (US$262mn) and generating at least 400 jobs in the state. The discount will be proportional to the investment volume, with a…
São Paulo state government in Brazil has kicked off IncentivAuto, an incentive program promising to reduce the state VAT (ICMS) tax rate by up to 25% for vehicle manufactures investing at least 1bn reais (US$262mn) and generating at least 400 jobs in the state. The discount will be proportional to the investment volume, with a…
São Paulo state government in Brazil has kicked off IncentivAuto, an incentive program promising to reduce the state VAT (ICMS) tax rate by up to 25% for vehicle manufactures investing at least 1bn reais (US$262mn) and generating at least 400 jobs in the state. The discount will be proportional to the investment volume, with a…
São Paulo state government in Brazil has kicked off IncentivAuto, an incentive program promising to reduce the state VAT (ICMS) tax rate by up to 25% for vehicle manufactures investing at least 1bn reais (US$262mn) and generating at least 400 jobs in the state. The discount will be proportional to the investment volume, with a…
Automobile production in Brazil rose 29.9% in February from January, while sales slipped 0.6%, the national automakers’ association said on Monday. Automakers in Brazil produced around 257,200 new cars and trucks last month, while sales totaled about 198,600 vehicles, according to industry group Anfavea. Compared with a year ago, auto output rose 20.5% and sales…