Home >

The Poor Taxation System In Brazil Seriously Affects The Competitiveness Of Garment Machinery And Other Products.

2011/9/26 9:24:00 40

Brazil Tax System Competitiveness Of Garment Machinery Products

The Brazil Federation of industry (CNI) recently conducted a questionnaire survey of nearly 2000 factories in the country. Results 79% of respondents believe that Brazil's tax system is poor and needs improvement. Only 1% think it is good or very good.


In this survey, 90.8% of respondents thought that Brazil's tax items were numerous and miscellaneous.

Brazil

The main reason for the poor tax system.

42.2% of respondents believe that the repetition or obsolescence of tax items is the main reason for the poor tax system in Brazil.


70.1% of respondents believed that ICMS was the main tax item affecting the competitiveness of industrial products. Clothing, shoes, editing, printing, machinery, electrical and electronic materials and pport equipment industries considered that social insurance contribution (Confins) was the main tax item affecting the competitiveness of industrial products.


At present, there are 104 tax items in Brazil, including the federal tax, such as import tax (II), industrial product tax (IPI), income tax (IR) and financial tax (IOF), municipal taxes such as state tax, urban housing tax (IPTU) and service tax (ISS), such as cargo circulation tax (ICMS) and automobile tax (IPVA).

work

17 kinds of guarantee funds.


Brazil's tax revenue in the first half of this year (1-6 months) amounted to 465 billion 600 million yuan (about $298 billion 600 million), which not only set a record of the highest tax revenue in the first half of the year, but also increased by 12.68% over the same period in 2010. The tax revenue in the first half of this year is 1-6 yuan.


Brazil's tax revenue this year is estimated to grow by 10% compared with last year. Last year, Brazil's 1 trillion 29 billion yuan (about $584 billion 600 million) tax revenue not only hit a record high in the past years, accounting for 35.04% of the gross domestic product (GDP) in the same year, making Brazil one of the world's most heavily charged countries.


The proportion of Brazil's tax revenue in the country's GDP increased from 24.61% in 1991 to 35.04% in 2010. In other words, Brazil's tax revenue accounted for 10.43% of the country's GDP share in the past 20 years.

During this period, Brazil enterprises appealed to the country.

government

Simplify the tax system and carry out tax reform. Otherwise, Brazil enterprises will not be able to improve their competitiveness.


 

  • Related reading

Thailand Textile And Garment Enterprises Call For The Establishment Of ASEAN'S Internal Supply Chain

Latest topics
|
2011/9/23 11:36:00
63

Bangladesh Leaders Urge The Us To Abolish Tariffs On Textiles And Clothing

Latest topics
|
2011/9/23 11:01:00
34

Tariff Free Import Of Bangladesh Clothing Or Adverse Effects On India Textile Enterprises

Latest topics
|
2011/9/22 14:41:00
49

Yang Wensun: Group Reorganization Helps To Break The Bottleneck Of The System

Latest topics
|
2011/9/22 13:34:00
35

Wang Qishan: Improving The Pricing Mechanism Of All Kinds Of Factors In 12Th Five-Year

Latest topics
|
2011/9/22 13:25:00
35
Read the next article

AOKANG Shoe Industry Successfully Passed &Nbsp On Friday, And Its Founder Will Exceed 8 Billion.

Wang Zhentao indirectly plus direct shareholding up to 244 million shares, referring to the same industry Saturday's current valuation, once the AOKANG shoe industry has landed on the Shanghai Stock Exchange, Wang Zhentao's shareholding market value will exceed 8 billion yuan, and the top 100 of the Forbes rich list will be a foregone conclusion.