Brazil’s New Tax Benefits Aim to Spur Business Investment

Brazil Unveils Tax Benefits to Boost Investments

Brazil’s Vice President Geraldo Alckmin has announced new government measures aimed at providing tax benefits to companies, with the goal of stimulating investments in machinery and transportation. These measures are part of President Luiz Inacio Lula da Silva’s plan to revitalize and re-industrialize Latin America’s largest economy, which has been lagging behind pre-pandemic levels with industrial output more than 18% below its 2011 peak.