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Brazilian Steel Industry Looking to Reverse Reduction in RIENTEGRA Relief Rate

|Proposed Changes|Brazil
Brazil

According to a release published by the trade group Brazil Steel Institute, ten of Brazil's largest steel producers have or are preparing to file lawsuits against the Brazilian government to reverse the recent reduction in the maximum tax relief (refund) under the REINTEGRA regime for exporters. The relief was reduced from 2.0% to 0.1% effective 1 June 2018 ({News-2018-06-07/A/3-previous cover…

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