Nélio B. Weiss Philippe Jeffrey The Brazilian authorities issued on July 24 2007, provisional measure 382 (PM 382) which granted specific tax reductions/incentives. The measure comprises some tax reductions aiming to stimulate investments in specific sectors of the economy, principally to the textile and leather, agriculture and automotive industries. The main provisions set forth in PM 382 can be summarised as follows:
August 31 2007