Tax exemption for corn bran and oil comes into effect
According to the Minister of Agriculture and Livestock, Carlos Fávaro, the measure has a positive impact on the grain and animal protein production chain as a whole. This is because corn bran is used for animal nutrition in feed.
According to the rule, companies subject to the non-cumulative assessment of contributions may discount a presumed credit in each assessment period. The amount must be calculated on the revenue from sales in the domestic market or from the export of products classified in the Table of Incidence of Tax on Industrialized Products (Tipi)
The established rate is 27% for the sale of soybean and corn oil and other Tipi products. According to the text, the percentage will be adopted on the acquisition value of soybean oil and corn oil classified as input.
Benefits to producers and consumers
For the president of the Regional Mixed Agricultural Cooperative of Irecê (Copirecê), in Bahia, Zene Vieira, the exemption for corn oil and bran benefits producers with better and more competitive prices on the market.
“We are a cooperative of small family farmers, with 4,800 small farmers here in the interior of Bahia, in the Irecê region. This will have a huge meaning for us, because corn bran is one of the products that the cooperative works with. With the end of this tax, producers will have greater access to purchasing bran, and will be able to obtain better, more competitive prices,” says Zene.
According to the rapporteur of the proposal in the Chamber, deputy Sérgio Souza (MDB-PR), former president of the Parliamentary Front for Agriculture (FPA), the new rule makes food more accessible to the population.
“We have the best animal protein foods in the world, now at lower prices. A constant goal of the Brazilian agricultural sector is to provide healthy and affordable food to the population,” he highlighted.
LOC.: According to the rapporteur of the proposal in the Chamber, deputy Sérgio Souza (MDB-PR), former president of the Parliamentary Front for Agriculture (FPA), the new rule makes food more accessible to the population, given the benefit to animal nutrition from the tax exemption for corn bran and oil.
According to the rule, companies subject to the non-cumulative contribution assessment regime may discount a presumed credit in each assessment period.
Report by Bianca Mingote
By Brasil 61
