Brazil Reduces Import Tax on Capital Goods to 2%

The Brazilian government cut the import tax on some capital goods, telecommunications and computer equipment to 2 percent, according to the country’s official gazette.

The tax on the capital goods was reduced from 14 percent and on the telecommunications and computer equipments, from 16 percent, according to an e-mailed statement by the Trade Ministry.

To contact the reporter on this story: Arnaldo Galvao in Brasilia at agalvao1@bloomberg.net

To contact the editor responsible for this story: Helder Marinho at hmarinho@bloomberg.net

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