Tobacco in Brazil - New Market Research Report
As part of its strategy to reduce the number of smokers, the Brazilian Government approved a new decree that changes the taxation over cigarettes in Brazil. The Decree 7.555 was supposed to start on 1 December 2011, but was postponed and commenced on 1 May 2012. According to the new decree, Industrial Product Tax (IPI) was increased by 40% in the first year and is fixed to grow until 2015. The growth will be 23% in 2013 and 2014, and...
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