IPI (Imposto sobre Produtos Industrializados)

IPI (Imposto sobre Produtos Industrializados) is a Brazilian federal tax levied on manufactured goods, whether produced locally or imported. Its purpose is to generate government revenue and regulate the consumption of certain products. The tax rate varies depending on the type of product, such as electronics, vehicles, or cosmetics. Manufacturers and importers are responsible for paying IPI, which is typically included in the product’s final price and passed on to consumers. It helps manage economic policy by encouraging or discouraging the consumption of specific goods and funding public expenditures.