Brazil House OKs Tax Breaks For Production Of Tablet Computers
06 Settembre 2011 - 11:39PM
Dow Jones News
Brazil's lower house in a voice vote Tuesday gave approval to a
measure offering tax breaks for national production of tablet
computers.
The bill, which still must gain final approval in the Senate,
would offer manufacturers full exemption from the country's PIS and
Cofins tax.
According to government estimates, the tax breaks could help
reduce the final cost to consumers by more than 30%.
The measure was introduced by the government as part of a series
of incentives to attract foreign tablet manufacturers to the
country. In addition to exemption from the PIS and Cofins taxes,
the government has also pledged reductions in the IPI industrial
products tax and the II import tax.
Of a total of 12 million computers produced in Brazil last year,
only 100,000 were tablets.
Earlier this year, Taiwanese computer manufacturer Foxconn
Technology Co. (2354.TW) announced plans to produce Apple Inc.'s
(AAPL) iPad tablet in the Brazilian city of Jundiai in Sao Paulo
state. In addition to Foxconn, manufacturers Motorola Mobility
Holdings Inc. (MMI) and Asustek Computer Inc. (ASUUY, 2357.TW) have
also expressed interest in producing tablets locally.
-By Gerald Jeffris, Dow Jones Newswires; (5561) 3335-0832,
gerald.jeffris@dowjones.com
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