New Market Report: Home Furnishings in Brazil
As a growing number of lower income consumers purchase new homes through the federal programme, Minha Casa Minha Vida (My House My Life), other governmental measures stimulate family consumption and positively impact home furnishings sales. One such measures is the tax reduction of IPI (Tax on Industrialized Products) for furniture items. Until the end of 2012, IPI for furniture items had been reduced from 5% to zero. In 2013, tax reduction is to gradually come back from zero to 2.5%...
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