The Senate approved Provisional Measure No. 1079/2021, which extends until 2023 the exemption or suspension of taxes for Brazilian companies that purchase inputs intended for the industrialization of products in Brazil that will later be exported.
The reduction, exemption or suspension of federal taxes levied on the import of inputs used to manufacture products intended for export is a special regime known as drawback, provided that the requirements for granting said regime are met.
The measure is still awaiting presidential sanction or veto.