Brazil's Finance Minister announced on 15 September 2014 that the 9% income tax credit for income earned abroad by resident companies in certain sectors will be expanded to include the entire manufacturing industry. Currently food and beverage, and construction sectors enjoy the credit.
In addition, the scope of qualifying goods under the REINTEGRA regime will be expanded to include all industrialized goods, including semi-processed goods, such as sugar, ethanol and cellulose. The REINTEGRA …