Tax breaks
Rio Grande do Sul is a competitive state and able to compete for investments and encourage the expansion of established businesses. Within the scope of the public service, it is promoting changes in the legislation with the aim of making it less bureaucratic and with better conditions to encourage the development of local content in the economic production of Rio Grande do Sul.
The Secretariat for Economic Development, Science and Technology (SDECT), together with the Secretariat of Finance (SEFAZ), seeks to build an adequate tax model for each enterprise, in order to make the company that wants to settle in Rio Grande do Sul competitive in the Brazilian and international markets. To this end, Rio Grande do Sul works with different mechanisms for deferring and exempting the state tax Tax on the Circulation of Goods and Services (ICMS), similar to the Value Added Tax (IVA), with three main instruments: FUNDOPEM/RS, INTEGRAR/RS and the Innovation Law.