Ethanol export tax credit - Regime Especial de Reintegração de Valores Tributários para as Empresas Exportadoras - REINTEGRA

Brazilian sugar and ethanol exporters are eligible to receive a tax credit calculated as a percentage of the value of products exported out of Brazil. Tax credit for period 10th to 31st December 2014 is equivalent to 0.3% of exports value. From 1st January 2015 the tax credit was elevated to 3% calculated on the revenue from the export of such goods.

Under Reintegra Program, credits can be 1. refunded in cash or 2. offset against federal taxes and contributions (due or coming due) administrated by the Brazilian Federal Revenue (RFB). The credit amount will be tax exempted