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Understanding the changes and maximizing the benefits of Ex-tariffs

Gecex Resolution No. 512, published on August 18, 2023, brings new guidelines for the ex-tariff regime for capital goods (BK) and IT and telecommunications goods (BIT). These changes have a significant impact on the import benefit of several sectors. In this article, we will explore the changes and how your company can take advantage of the ex-tariff and import tax exemption.

What are the new government guidelines for ex-tariffs?

The new resolution introduces changes to the ex-tariff rules:

• Restrictions on the application of the ex-tariff: Now, used goods and consumer goods, such as household appliances, electronics, furniture and automobiles, for example, are excluded from the import benefit.

• Concession application – presentation of “Investment Project”: Applicants must present a detailed project with information on the function of the equipment in the production line, the schedule and location of use, the essentiality or productivity gains provided by the new equipment, innovative technologies or improvements to the final product.

• Public consultation – increase in the deadline for manifestations by the national industry: The deadline for manifestations by the national industry was extended to 30 calendar days, allowing a longer period for analysis and response to requests.

How to maximize the positive impact of imports of capital goods and technology?

The acquisition of equipment with advanced technologies from abroad that are not available on the national market can provide a significant competitive advantage, as it makes it possible to offer differentiated and innovative services to customers. By importing state-of-the-art machinery with exclusive capabilities, companies can develop new products or services with unique characteristics, providing more efficient and personalized solutions to meet market needs.

Furthermore, the import of goods using the ex-tariff benefit can result in an increase in productivity and efficiency, in addition to improving the quality of the products and services offered. With the increased availability of innovative technologies, companies can meet specific customer demands more quickly and effectively, expanding their business opportunities and consolidating their position in the market.

Which sectors and companies have the greatest potential to leverage the new regulations?

The sectors with the greatest potential for leverage in the new ex-tariff regulations are those that focus on the import of machinery, large equipment and advanced technologies for large productions. Among them, the following stand out:

• Manufacturing and Industry: Companies operating in sectors such as metallurgy, automobiles, construction, food and others can benefit from innovative equipment to increase efficiency and production capacity.

• Agriculture and Agroindustry: State-of-the-art agricultural machinery can optimize work in the field, increasing productivity and product quality.

• Energy and Infrastructure: Investments in equipment for generating clean energy, such as wind turbines or solar panels, can accelerate the transition to sustainable sources.

In addition to these, any company focused on innovation, efficiency and modernization can benefit from the import tax exemption to boost their business.

How to promote the growth and appreciation of the national industry through changes?

The acquisition of innovative machinery and equipment, without similar national ones, benefiting from the ex-tariff, has a significant positive impact on the national industry.

These investments can increase production capacity, providing access to advanced machinery, expanding operations, increasing production and reducing costs; Generate new jobs, resulting in more opportunities in different sectors; and boost the local economy, increasing the circulation of money, bringing benefits to the regional and national economy.

By investing in innovative technologies and cutting-edge machinery, companies not only stand out in the market, but also contribute to strengthening Brazilian industry.

What strategies can companies adopt to stand out in an evolving environment?

To stand out in a constantly evolving market environment, companies can adopt import-oriented strategies as a way to reduce costs and bring innovative technologies to the national market. Here are some specific actions companies can consider:

• Identify import opportunities: Carry out a careful analysis to identify machinery, equipment or technologies that can bring innovations and competitive advantages to the company.

• Monitor global trends: Always be aware of technological innovations and market trends at a global level, so that your company can anticipate changes and adapt quickly.

• Take advantage of the ex-tariff benefit: Use the ex-tariff regime to obtain tax exemptions or reductions on the import of capital goods and IT and telecommunications goods. This can help lower total acquisition costs

• Partnership with specialized consultants: Foreign trade professionals can guide your company to optimize the import tax exemption, considerably reducing costs and increasing the profit margin in businesses that involve, in some way, the ex-deferred tariff.

By implementing these strategies, your company can position itself more competitively and strengthen its position in the national market. The intelligent import of goods and technologies can boost your company, allowing greater efficiency and sustainable growth and taking advantage of the opportunities offered by this benefit.

Count on us to guide you and help your company benefit from the ex-tariff and import tax exemption. Contact our team for more information on how we can help you maximize these benefits for your company.

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