AreaBrazil

Commodity GroupRice

CommodityAll

Date01/03/2013

Policy CategoryConsumption and marketing

Policy InstrumentTax policy

DescriptionExonerated products composing the basic food basket, including rice, from Social Integration Program (PIS), Contribution to Social Security Financing (COFINS) and Industrialized Products Tax (IPI) taxes. The move will make the exemption permanent in the case of rice, which had been intermittently exempted from the federal levies in recent years. The initiative is intended to assist the population in coping with inflationary pressure.