What is PRODERO?
PRODERO, short for Rondônia Economic Development Program, is a set of tax benefits implemented by the state to promote economic development and attract investment. Among these benefits are differentiated ICMS rates for certain products and specific sectors that can be used by any company without a branch in the UF.
Special ICMS PRODERO rates:
- 12% for products with no national similar: For products that have no national similar, as listed by Camex (Foreign Trade Chamber), a rate of 12% is applied. This aims to protect local industry and encourage the production of goods that are not easily substitutable by foreign products.
- 4% for general products: This rate is applied to goods going to companies with a wholesale, retail or industrial CNAE (National Classification of Economic Activities). It is a measure that seeks to encourage local trade and production, providing a competitive advantage for businesses.
- 8.8% for products listed in the annexes to Confaz Solution 52/91: This rate is applied to a variety of products, mainly industrial and agricultural machinery, as specified in the annexes to Confaz Solution 52/91. This measure aims to stimulate investment in technology and modernization in the industrial and agricultural sectors.
Other relevant information on ICMS PRODERO:
Clearance in any customs zone in Brazil: A significant advantage of PRODERO is that customs clearance can be carried out in any customs zone in Brazilfacilitating the import and export process.
– Specific restrictions: It is important to observe the restrictions imposed by the program, which include products such as oil and oil products, fuels, lubricants and electricity. These restrictions aim to protect specific sectors of the economy and guarantee the state’s energy security.
– Imports of Petroleum Derivatives: Although there is a general ban on the import of petroleum products, there are exceptions for special cases, as long as these products are not used as fuels or inputs for the production of fuels.
ICMS tax benefits in Rondônia, especially through PRODERO, play a crucial role in promoting economic development and creating a favorable business environment in the state. By understanding the special rates, prohibitions and nuances of the program, companies can make the most of these tax incentives to boost growth and competitiveness. However, it is essential for business owners and managers to keep up to date with any changes in tax policies and to consult with specialists at Superia to ensure compliance with applicable regulations.
