The Brazilian government's growth acceleration program (PAC) includes tax breaks to stimulate the national digital TV and semiconductor industries by exempting digital TV and semiconductor producers from PIS and Cofins social security taxes as well as IPI industrial tax and Cide tax.
The PAC program was introduced on January 22 with a goal of encouraging R$504bn (US$236bn) in public and private investment over the next four years.
The actions are divided into five groups:
1) Infrastructure (transport, sanitation and housing);
2) Credit stimulation;
3) Institutional development;
4) Tax exemption;
5) Long-term fiscal measures.
By including digital TV in the PAC program the government aims to create conditions that will enable the industry to start commercial transmissions by December this year.
The first digital TV set-top boxes should be on the shelves of shops by now.
The federal development bank BNDES is also studying options to provide a line of credit related to digital TV investments.
1 comment:
Keep up the good work.
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