With resources close to being exhausted, the vehicle purchase incentive program will be extended, with the extension of the discount to purchasing companies, confirmed this Wednesday (28) the press office of the Ministry of Finance. The portfolio confirmed information given by Minister Fernando Haddad to the television program of journalist Miriam Leitão. Although the conversation will air on Wednesday night (28), the journalist advanced the news on the internet. In the conversation, Haddad stated that the demand for more economical and less polluting cars surprised automakers and the government, practically depleting the resources available for the program. According to the minister, a new line of subsidies will be launched and announced soon. Originally, the possibility for companies, such as car rental companies, to enter the car purchase program would end on the last 20th, but the exclusivity for individuals to benefit from the discounts was extended for two weeks. For purchases of buses and trucks, the exclusivity ended on the 21st, and companies can now purchase these vehicles at a discount. According to the data panel released by the Ministry of Development, Industry, Commerce and Services (MDIC), R$ 420 million of the R$ 500 million in tax credit for the purchase of cars have already been used. This amounts to 84% of the total. In some automakers, the total amount of credit requested has run out. On Tuesday (27), Volkswagen suspended the production of cars in Brazil, claiming market stagnation and full patios. According to the MDIC panel, the automaker had R$ 60 million in tax credits released. As for subsidies for heavy and passenger vehicles, the amounts implemented have not changed since last week. Tax credits for the sale of trucks add up to R$100 million, 14% of the R$700 million available. For the sale of buses, R$ 140 million in credit were granted, out of a total of R$ 300 million available. Tax credits The fleet renewal program is financed through tax credits, discounts granted by the government to manufacturers in the payment of future taxes, totaling R$ 1.5 billion. In exchange, the automotive industry undertook to pass the difference on to the consumer. It is planned to use R$ 700 million in tax credits for the sale of trucks, R$ 500 million for cars and R$ 300 million for vans and buses. The program has a term of four months, but it can end sooner, as soon as the tax credits are exhausted. To compensate for the loss of revenue, the government intends to partially reverse the exemption on diesel that would be in effect until the end of the year. Of the R$ 0.35 of the Social Integration Program (PIS) and Contribution for the Financing of Social Security (Cofins) currently zeroed, R$ 0.11 will be re-encumbered in September, after ninety days, a period of 90 days determined by the Constitution for the increase in federal contributions.
Agência Brasil
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