The Agriculture and Agrarian Reform Commission (CRA) of the Federal Senate approved, this Wednesday (12), the report by senator Tereza Cristina (PP-MS), member of the Parliamentary Agricultural Front (FPA), which extends to bran and corn oil receives the same tax treatment granted to soybeans in relation to the incidence of contributions to PIS/Pasep and Cofins. Bill 1548/2022 also includes the application of the percentage of tax rates on the acquisition value of soy oil it's from corn oil, in addition to corn bran.
Turning the proposal into law will help reduce the accumulation of PIS/Pasep and Cofins credits for companies that sell or export corn products. Furthermore, Tereza Cristina highlights that the text promotes the country's agricultural production.
“It is of great value, especially because corn and soybeans have been showing continuous development. There is a gigantic potential for generating wealth and socioeconomic improvement in different regions of the country”, stated the former Minister of Agriculture.
Furthermore, Tereza highlights the potential for expanding biofuels to add value and encourage technological development in the production chain.
Source: datagro
