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Refrigeration appliances market in Brazil
Due to the increase in IPI (Tax on Industrialised Products) during 2013, and certainly in 2014, refrigeration appliances is expected to see a lower growth rate than expected.
On 1 February 2013 the Brazilian government began to gradually increase IPI (Tax on Industrialised Products) on fridges, fridge-freezers and freezers, from 5% to 7.5%. The category was supposed to return to its original tax of 15% on 1 July, but the government once again postponed the measure, incre...