On Thursday (15), the decree of President Jair Bolsonaro on the reduction of IPI (Tax on Industrialized Products) rates on video games, console accessories and parts.

Approved by Decree No. 8.950, of December 29, 2016, the decree provides for the amendment of rates in the Table of Incidence of the Tax on Industrialized Products (TIPI). Until then, they ranged around 20% to 50% and were reduced by between 16% and 14%.

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The intention to reduce taxes for electronic games was approached several times by Bolsonaro on his Twitter account. Last month, the president even called the Counter-Strike player to address the issue and analyze the reduction later this year

 

Check out the new rates below.

9504.50.00 - Video game consoles and machines, except those classified in subheading

From 50% to 40% 

9504.50.00 Ex 01 - Parts and accessories of video game consoles and machines whose images are reproduced on a television receiver screen, monitor or other screen or external surface

From 40% to 32%

9504.50.00 Ex 02 - Video game machines with built-in screen, portable or not, and parts thereof