Tuesday 8 June 2010

Tax Incentives for Technological Innovation - Brazilian secret weapon?

According to the new Tax incentive law (Incentivos Fiscais da Lei 11.196/2005), known as the "Law of the good will" any company in Brazil can immediately enjoy its benefits if there are technological research under development. This is quite a complex issue that involves many rules and laws but the benefits for the country are clear: in 2006 0.09% of the Brazilian GDP were coming from research and development products and technologies, whereas in 2008 it increased to 0.30%. It was a real gain of more then 1 billion Brazilian Real (around 650 million dollars) in 2008 and the predictions are quite optimistic for the current time.

Take a look at the official - translated - website.
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