Payroll tax relief in the pig sector cheers farmers
The pig and poultry sectors have been included in the tax reduction program that is part of Provisional Measure (MP) No. 563, which is valid until December 31, 2014. For the pig sector, which is in crisis, the effect will be immediate after presidential approval. The measure now goes before the Senate and then on for presidential approval.
The president of the Brazilian Association of Pig Farmers (ABCS), Marcelo Lopes, says it is too early to say what benefits farmers will have. However, he considers it to be great news for the sector.
Information provided by Valor Econômico