IEG Vu is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By


Pork industry welcomes tax break

The payroll tax relief announced on Thursday (September 13) by Brazil's Finance Minister, Guido Mantega, will help the pork industry face up to the current scenario of high costs, which are squeezing margins, said the association which represents the industry.

"The measure is very positive and timely, as it will help the industry to face a difficult situation, with rising production costs due to high input prices, mainly for soybean meal," said the president of the Brazilian Association of Pork Producers and Exporters (Abipecs), Pedro de Camargo Neto.

"The main benefit of the payroll tax relief is to make the sector more competitive against the United States, the European Union and Canada," he added.

Information provided by Reuters



What to read next




Ask The Analyst

Please fill in the form below to send over your enquiry or check the Ask The Analyst Page to find out more about the service

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts