Brazil Reduces Maximum Tax Refund for Exporters for 2018
Brazil has published Decree No. 9,148 of 28 August 2017 in the Official Gazette, which amends Decree No. 8,543/2015 with regard to the maximum tax relief (refund) under the REINTEGRA regime for exporters. Instead of increasing the maximum refund rate to 3% of gross export revenue in 2018 as previously provided by Decree No. 8,543, the maximum rate will be kept at the 2017 maximum of 2%. The a…
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