Brazil: Amendment to the TIPI table – validity from May 01, 2022

The Decree that promotes the general reduction of the rates of products classified in the codes listed in the TIPI table, as well as expands the general reduction of the IPI rate from 25 per cent (twenty-five percent) to 35 per cent (thirty-five percent) for most products. The effects of this occur from 1 May 2022.

We recommend that taxpayers review the entire taxation of products related to their activity, in order to correct possible errors and mitigate risks.