A surprise tax change in Brazil is causing significant disruptions in the agricultural sector. The leftist government is set to limit or end tax credits on a wide range of operations, including grain trading and freight. This has led to major players in the agribusiness sector, such as trading companies and crushers, halting their activities to understand the implications of the new policy. The change is drawing criticism from groups representing some of the world's top crop traders, who are concerned about the potential impact on Brazil's competitiveness. The tax change, specifically related to PIS/COFINS, has been highlighted by José Fabiano of Agrinvest Commodities.
A surprise tax change in agriculture powerhouse Brazil is disrupting business and drawing the ire of groups representing some of the world’s top crop traders. With @clacouto @gersonjr https://t.co/8XP4nmgG2M via @markets
A surprise tax change in agriculture powerhouse Brazil is disrupting business and drawing the ire of groups representing some of the world’s top crop traders https://t.co/Ow5PVcIR98
A surprise tax change in agriculture powerhouse Brazil is disrupting business and drawing the ire of groups representing some of the world’s top crop traders https://t.co/Am4BpHNUXE
#BRASIL - #BRAZIL - CHANGE IN THE TAX SYSTEM CAN AFFECT GRAINS COMPANIES IN BRAZIL - *IMPACTOS DO PIS/COFINS NO SETOR DO AGRONEGÓCIO* José Fabiano – Agrinvest Commodities 05/06/2024. Hoje praticamente todos os players do agronegócio estão em stand by, tentando entender os…
Tradings and crushers are out of the market today in Brz. The leftist Government will limit/end the tax credit over a very large number of operations, including grains tradings and freights. It is premature to say that this is going to harm Brz competitiveness, but someone will…