The Brazilian government reduces import tax on milk and other dairy products

The Federal Government decided, this Monday (23/05), to reduce by another 10% the rates of Import Tax on 6,195 tariff codes of the Mercosur Common Nomenclature (NCM). The measure directly affects the dairy sector, as it covers goods such as UHT milk; milk; sour cream (cream); yogurt; butter; spreader for milk products; butter butter oil; grated or powdered cheese of any kind; moldy cheeses (blue) and other cheeses with veins obtained using Penicillium roqueforti; among other dairy items, in addition to beans, meat, pasta, cookies, rice, construction materials, among others from the block's Common External Tariff (TEC). The exception is only in mozzarella cheese, whose tariff exemption was revoked after pressure from entities in the dairy sector. The Government's objective is to alleviate the negative economic consequences resulting from Covid-19 and the war in Ukraine - mainly the high cost of living of the low-income population and the increase in the cost of companies that ...