Currently, technology products in Brazil are more expensive than in countries like Portugal due to a high tax rate that considerably increases the final price for consumers.

The high tax rate applied in Brazil leads consumers to look for alternatives when buying technology, opting to resort to other markets such as Paraguay, where it is possible to buy consoles, video games and technology at a more appealing price.

Commenting on Twitter, Jair M. Bolsonaro, the President of Brazil, he said that “to stimulate competitiveness and technological innovation, studying government, via Secretary of the Ministry of Economy, the possibility of reducing from 16% to 4% import tax of information technology products, such as computers and cell phones. “

For now, it is not guaranteed that the tax will go down, but the fact that the government is considering this possibility is a sign of hope for Brazilian consumers.

– To stimulate competitiveness and technological innovation, the government is studying, via the Ministry of Economy secretariat, the possibility of reducing taxes on imports of information technology products from 16% to 4%, such as computers and cell phones.

– Jair M. Bolsonaro (@jairbolsonaro) June 16, 2019 Manage cookie settings

In the following comment, the President of Brazil added that the tax reduction is also being considered for electronic games.

– We will also evaluate the possibility of reducing taxes for electronic games. ?

– Jair M. Bolsonaro (@jairbolsonaro) June 16, 2019 Manage cookie settings

Bolsonaro considers reducing taxes on PCs, video games and smartphones in Brazil