Home / Knowledge / News / Textiles / 'Brazil govt may create tax regime for textiles & apparel'
'Brazil govt may create tax regime for textiles & apparel'
14
Nov '13
The Brazilian Government is examining the possibilities of creating a differential tax regime for textile and clothing sector of the country, especially in terms of the key proposal to include a ‘layette kit’, consisting of 39 products, which include bed, bath and home textiles, among the benefits of the federal program ‘Minha Casa Melhor’ (My Better House), one of the initiatives undertaken by Brazilian President Dilma Roussef, announced president of the Brazilian Agency for Industrial Development (ABDI), Mauro Borges.
 
According to a statement issued by the Brazilian Industrial Portal, the ABDI official was speaking at an event organized by the National Industrial Apprenticeship Service (SENAI) at the Technology Center of Chemical and Textile Industry (CETIQT).
 
The two proposals were submitted to the Government by the Brazilian Textile Industry Association (ABIT) with the objective of increasing competitiveness in the sector, which faces tough competition from international markets.
 
Mr. Borges said the ABDI would keep pushing the Government for the scheme next year, as the sector is highly relevant to the country and has a very large multiplier effect.
 
According to the ABIT, the rate of federal taxes on the textile and apparel products of the country rotate on an average between 18 to 22 percent, and it should be brought down to 6 percent. 
 
The ABIT has urged the Government to create a differentiated tax regime for the sector, even if it would be applicable for a temporary period of three to five years. During this period, the Government would be able to notice the changes brought on by the regime in the sector.
 
The ‘Minha Casa Melhor’ program is a special line of credit provided by the Brazilian Government through its housing program for citizens who wish to purchase home appliances and furniture, which includes purchases of home textiles. 
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search