Brazil approves tax exemption for biological control products
Sep. 6, 2011
The Chamber of Deputies’ Agriculture, Fishing, Supply, and Rural Development Committee (CAPADR) has approved the Bill 1024/11 on August 31 which ends the collection of PIS/Pasep and Cofins in importing and marketing of biological control agents used as pesticides. The biological control agents combat the plague of insects by introducing the natural enemies (such as, other insects, birds, mites, viruses, etc.) of the insects into the environment.
According to CAPADR, the Bill 1024/11 was made on April according to Law 10.925/04 which granted tax incentive for herbicides, fungicides, insecticides and other pesticides. And the Bill was amended to grant special tax exemption for the biological control agents. The Bill will get final approval after reviewed by the Committee on Finance and Taxation and the Commission of Constitution and Justice and of Citizenship.
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