Brazil's Sao Paulo mulls tax-exempt status of locally produced solar equipment
Sep 5, 2013 - The government of Brazil's southeastern Sao Paulo state mulls over the exemption of locally produced equipment for the construction of PV solar power plants from the ICMS goods and services tax, the state's energy secretary, Jose Anibal, said yesterday.
According to Anibal, the government is supporting the development of renewable energy projects in the state, since it targets they to account for 69% of Sao Paulo's energy mix by 2020.
The Sao Paulo government may put in action tax initiatives similar to those offered for modernisation of sugar cane bagasse biomass plants and for the production of wind equipment in the state. The retrofit and the modernisation of biomass plants and the wind equipment producers are totally exempted from ICMS, Anibal reminded.