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Treasury Secretary Says No Plan To Extend Higher Oil Exports Taxes

BRAZIL
  • The Lula administration has no intention of renewing the tax on oil exports and market conditions favour a drop in fuel prices, said Treasury Secretary Rogério Ceron this Tuesday in Brasília during a press conference. (BBG)
    • Ceron added that the current landscape allows the re-enactment of the tax to be barely noticeable by consumers.
    • Separately, the car incentive plan is being finalized and will have a reduced fiscal impact, explaining that the expenses with incentives for cars will be fiscally compensated.

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