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Brazil - New Tax Incentives for Agricultural Processors and Exporters

The Brazilian Government published on April 2, 2009 Joint Directive No. 1 in Brazil's Official Gazette regulating the so-called integrated yellow-green drawback system to allow agricultural processors to be exempt from local taxes on domestic or imported inputs for the processing of agricultural and food products for exports.
15 April 2009
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The Brazilian Government published on April 2, 2009 Joint Directive No. 1 in Brazil's Official Gazette regulating the so-called integrated yellow-green drawback system to allow agricultural processors to be exempt from local taxes on domestic or imported inputs for the processing of agricultural and food products for exports.

Pork and chicken processors welcomed the publication of Joint Directive No.1 as a means to reduce their costs of production when purchasing soybean meal and corn. In addition, both sectors already benefit from another drawback program which exempts from import duties agricultural inputs used in the processing of pork and chicken for exports, such as corn from Argentina.

http://gain.fas.usda.gov/Recent%20GAIN%20Publications/New%20Tax%20Incentives%20for%20Agricultural%20Processors%20and%20Exporters_Brasilia_Brazil_4-9-2009.pdf

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