Four Internet of Things (IoT) related tax relief provisions are due to expire on December 31, 2025. Two bills were introduced in Brazil’s National Congress to extend these provisions and are currently in debate under a fast-track rule. Companies that provide and implement IoT projects can engage congressional leaders to secure the bills’ approval.
Tax Relief Provisions
The Brazilian Internet of Things Act of 2020 reduced to zero four fees and contributions for companies implementing and operating IoT projects:
- The Installation Oversight Fee (“TFI”), due when the authorization is granted to operate IoT stations;
- The Operation Oversight Fee (“TFF”), due annually;
- The Public Broadcasting Support Contribution (“CFRP”), due annually; and
- The National Film Production Development Contribution (“Condecine”), due annually.
Some of these fees and contributions, as well as roaming-related restrictions to international IoT providers, are listed in the Brazil section of the Office of the United States Trade Representative 2024 National Trade Estimate Report on Foreign Trade Barriers.Continue Reading Brazil’s Internet of Things Tax Relief Due to Expire in 2025