The 35% cut in the IPI could bring a favorable wind to the economy before the election, according to forecasts by a part of the industry that believes in a short-term effect.
For José Ricardo Roriz, president of Abiplast (association of the plastics sector), the measure has an immediate result in the competitiveness of the business.
“This is a very old fight that is now resolved. The industry will spend less on working capital and this will be good for inflation and the consumer,” he says.
Some sectors are not so sure that the pass-through of the discount to the consumer will be immediate because there are still other worrying pressure points on costs.
This Friday (16), Minister Alexandre de Moraes, of the STF, revoked the injunction that suspended the 35% cut in the IPI (Tax on Industrialized Products) of thousands of products manufactured in Brazil.
The suspension had been determined after an ADI (Direct Action of Unconstitutionality) filed in May by Solidarity and the Amazonas bench, which said that the reduction in the tax rate in the rest of the country would compromise the attractiveness of the tax benefit of companies in the Free Zone of Manaus.
Joana Cunha with Paulo Ricardo Martins and Diego Felix
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