Tax incentives
Rio Grande do Sul state is a competitive state and able to compete for investments and promote the expansion of businesses already established here. In the public services field it is promoting changes in the legislation in order to make it less bureaucratic and with better conditions to foster the development of local content in the state's economic production.
The State Department of Economic Development, Science and Technology (SDECT), together with the Finance Department (SEFAZ) tries to build a tax model suitable for each project, in order to make the company that wants to settle in Rio Grande do Sul competitive in domestic and international markets. To do this, the state works with different deferral mechanisms and exemptions from the state Tax on Goods and Services (ICMS), similar to the value-added tax (VAT), with three main instruments: FUNDOPEM/RS, INTEGRAR/RS and Innovation Law.
