News Column

Brazil : BRAZIL: SAO PAULO announces tax exemptions for broadband connections of as much as 2 Mbps

August 23, 2014

Sao Paulo has reportedly taken decision to expand its tax exemption limits for broadband connections to 2 Mbps. Moreover, the Brazilian State has also secured clearance from the National Council for Financial Policy for its proposal.

It is specified under the amendment that the exemption will be applicable to 1 Mbps, 1.5 Mbps and 2 Mbps packages. So far packages between 200 Kbps and 1 Mbps were entitled to get the benefits.

The scheme, called Popular Broadband, is a national agreement of the state secretaries of Finance, allowing the VAT breaks for monthly offers of as much as BRL 30 a month or BRL 29.80 only for the Sao Paulo State.

The price of 1 Mbps packages must not cross BRL 29.80, while the maximum prices for 1.5 Mbps and 2 Mbps deals will be BRL 34.90 and BRL 39.90 respectively.

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Source: TendersInfo (India)

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