Companies and professional drivers in Brazil are now exempt from IOF tax when financing the purchase of electric and hybrid vehicles in the country, regardless of horsepower. This is according to new legislation signed by President Jair Bolsonaro last week and published on Friday (June 21). It compliments a law already giving the IOF tax…
Latin America Day Allianz Arena Munich Thursday, 19th of September 2019 09:30 – 16:00 We would like to invite you to our Latin America day in that Allianz Arena Munich What can you expect? You’ll gain insight into the procedural differences, as we experience them every day. Did you realise that even if you buy…
While cryptocurrency mass adoption may still take a little more time to take place, there are several countries in the world that truly see the benefits of crypto and are willing to take the ‘risk’ by adopting cryptocurrency earlier than the others… Here are 5 countries that are going big with cryptocurrency adoption. The words “mass…
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…