Tax incentives attracted almost BRL 248 billion to the Sudene area between 2013 and 2020

During the period, more than 2,900 enterprises received incentives and were responsible for creating and maintaining more than 1.1 million jobs. The companies contemplated with the incentives must annually report accounting, social and environmental records, which contributes to the conservation of the Amazon forest.

The data are from the report “Incentives and financial tax benefits: projects approved by Sudene in 2020”, by the Ministry of Regional Development — current Ministry of Integration and Regional Development. The incentives provided for companies operating in the areas of Sudene and the Superintendence for the Development of the Amazon (Sudam) are the reduction of Corporate Income Tax and the possibility of reinvestments in modernization projects or the purchase of equipment.

extension of the incentive

The benefits expire on December 31, 2023. In this regard, a bill extending the incentives for another 5 years, until December 31, 2028, is being discussed in the Chamber of Deputies. (CNI), Ana Fidelis, says that the benefits are essential for improving social indicators in the North and Northeast regions.

Fidelis defends the need for the proposal to be approved by the House and Senate in the first half of 2023 so that the incentives are incorporated into the 2024 budget and there is no discontinuity in projects and investment decisions. “The extension of incentives encourages companies that take on more risk and are profitable. In addition, they increase the attraction of investments in less developed regions, contribute to the conservation of the Amazon forest and to the regional deconcentration of production in Brazil”, he highlights.

Deputy Eduardo Bismarck, in his opinion, voted for the constitutionality, legality and good legislative technique of PL 4416. In the justification, the congressman points out that “during the validity of these incentives, there was an incentive to industrial deconcentration. Many companies have settled in these areas and jobs have been created, making an important contribution to the development of these regions.” Federal Deputy Júlio César (PSD-PI), author of the project being discussed in the Chamber, says that the incentives are an instrument for reducing the regional inequalities that exist in Brazil.

“It is a stimulus that the entrepreneur, the entrepreneur can apply in his own company, 75% of the income tax he will pay. This is very important. The Northeast, which already had so many incentives, at the time of FINOR and FDNE. As coordinator of the Northeastern bench, I fight every day for the difference that exists in our country in all regions, in the per capita income of the Northeastern people in relation to the South and Southeast, mainly”, says the parliamentarian.

PL 4416 entered the voting agenda of the Constitution, Justice and Citizenship Commission (CCJC) this Wednesday (16), but the analysis has not yet been completed due to a request for review. If approved, the text will be sent to the Senate for analysis.

Sudam and Sudene

Sudam and Sudene are part of the Federal Planning and Budget System and have administrative and financial autonomy. Linked to the Ministry of Integration and Regional Development (MDIR), the autarchy aims to promote the inclusive and sustainable development of the areas in which it operates, in addition to the competitive integration of the regional productive base in the national and international economy.

Headquartered in Belém, capital of Pará, Sudam’s operations cover the states of Acre, Amapá, Amazonas, Mato Grosso, Rondônia, Roraima, Pará, Tocantins and part of Maranhão. While Sudene operates in all states of the Northeast region and in part of Minas Gerais and Espírito Santo.