Free trade signed between the two economic blocs will impact the import and export of new cars, with zero rate in 15 years
There was a huge repercussion of the signing of the Mercosur agreement with the European Union, which means free trade between the countries of these two economic blocs.
And this tax exemption also applies to our automobile industry when exporting cars, components and machinery to the European Union and vice versa. So, do European cars arrive in Brazil without this extra taxation? Yes, but gradually.
In the first seven years, the tax drops from 35% to 17% by quotas and then gradually drops until it reaches zero in year 15. On electric vehicles, the tax drops from 35% to 25% and then gradually until it reaches zero in the 15th year.
