Brazil has reportedly approved tax exemptions pertaining to tablet production that paves the way for Foxconn to start producing iPads in the country, according to Folha.com.
On Monday, Brazil's Inter-Ministerial Decree 34, which allows for a reduction or exemption from taxes for certain tablet computers, was signed. Today it was published in the country's "Official Gazette", notes AppleInsider.
Specifically, the decree states that companies investing in the research and development of keyboardless touchscreen tablets weighing less than 750 grams qualify for IPI (Excise Tax), PIS (Social Contribution Tax) and COFINS (Federal Contribution Tax) incentives. Also included under the decree are accessories, cables, power supplies and manuals associated with tablet computers.
In mid September of last year, it was reported that Foxconn's new Brazil plant was 'ready' to start producing iPads; however, later in the month news broke that the plan to produce iPads in the country was 'in doubt' due to 'crazy demands' by Foxconn and deep structural problems.
The 'crazy demands' were for tax breaks and other special treatment. However, it appears that a compromise has now been reached between the corporation and the government meaning that iPad production should ramp up soon.
Read More [via AppleInsider]
On Monday, Brazil's Inter-Ministerial Decree 34, which allows for a reduction or exemption from taxes for certain tablet computers, was signed. Today it was published in the country's "Official Gazette", notes AppleInsider.
Specifically, the decree states that companies investing in the research and development of keyboardless touchscreen tablets weighing less than 750 grams qualify for IPI (Excise Tax), PIS (Social Contribution Tax) and COFINS (Federal Contribution Tax) incentives. Also included under the decree are accessories, cables, power supplies and manuals associated with tablet computers.
In mid September of last year, it was reported that Foxconn's new Brazil plant was 'ready' to start producing iPads; however, later in the month news broke that the plan to produce iPads in the country was 'in doubt' due to 'crazy demands' by Foxconn and deep structural problems.
The 'crazy demands' were for tax breaks and other special treatment. However, it appears that a compromise has now been reached between the corporation and the government meaning that iPad production should ramp up soon.
Read More [via AppleInsider]