House approves law to increase competitiveness of small businesses

by Andrea
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Main objective of the proposal is to increase the competitiveness of these companies in the international scenario, through the CREDA EXPORT PROGRAM

Vinicius Loures/Chamber of Deputies
Unanimous approval of the Complementary Bill (PLP) No. 167/2024 by the House of Representatives marks a significant step for Brazilian micro and small companies

The unanimous approval of the Complementary Bill (PLP) No. 167/2024 by marks a significant step for Brazilian micro and small companies. The main objective of the proposal is to increase the competitiveness of these companies in the international scenario, through the CREDA Export program. This initiative will allow the return of taxes that were paid along the export production chain, also covering companies that opt ​​for Simples Nacional. The federal government plans to restore 3% of micro and small business export revenues, which should facilitate their sales abroad. This return may be carried out by compensation for other taxes or direct compensation, offering important financial relief for these businesses.

The CREDA Export program, developed by the Ministry of Industry, Foreign Trade and Services (MDIC) in collaboration with other ministries, aims to return 3% of revenues from international sales. In 2024, micro and small businesses were responsible for 40% of Brazilian exports, totaling US $ 2.6 billion, with emphasis on transformation industry products. This initiative is part of a set of government actions to strengthen the micro, small and medium enterprises sector. In addition to believing exports, the package includes programs such as Brazil’s most productive and Proex, which aim to boost the competitive capacity and sustainability of these businesses in the global market.

Posted by Sarah Paula

*Report produced with the aid of AI

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