Brazil introduces tax benefits to boost investments

The Mover Program: Tax Benefits for Transportation Companies

Brazil’s Vice President Geraldo Alckmin recently announced the implementation of government measures designed to provide tax benefits to companies in order to encourage investment in new machinery and transportation. The move is part of President Luiz Inacio Lula da Silva’s strategy to re-industrialize Brazil’s economy, which has struggled to reach pre-pandemic output levels and is currently over 18% lower than its peak in 2011.