With a focus on encouraging the use of clean energy, the Federal Government decided to zero taxes on the purchase of solar panels and may fail to accumulate up to R$ 600 million this year.
The Federal Government zeroed the taxes charged on solar panels. The information was disclosed in Official Gazette (DOU) this Wednesday (29). The exemption, which encourages the use of solar panels to generate clean energy, will be valid until December 31, 2026.
Understand which taxes were zeroed by the Federal Government
Among the taxes that will not be charged on solar panels are the import tax, Tax on Industrialized Products (IPI), Social Integration Program (PIS) and Contribution for Social Security Financing (Cofins). Among the companies that will benefit from the production of clean energy are those that make up the Support Program for the Technological Development of the Semiconductor Industry (PADIS), created in 2007.
The Ministry of Development, Industry, Commerce and Services (MDIC) states that this initiative aims to encourage investment in solar panels and new solar power plants. Also according to the entity, under the command of vice-president Geraldo Alckmin (PSB), with the expansion of the program to the solar panel industry, one of the most dynamic at present, the expectation is that there will be a significant increase in investments in the coming years, with the generation of quality jobs in several states of Brazil.
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The initiative comes after the country broke a record for clean energy generation in 2022 and with the tax exemption, the Federal Government will give up raising R$ 600 million. It is worth mentioning that Padis has proven to be essential for the production of various electronic devices such as smartphones, computers, televisions and industrial automation systems.
The entity points out that microelectronic components and semiconductors are of paramount importance to ensure the viability of Industry 4.0 (industry adapted to the technological revolution).
Jobs in the solar energy sector will be generated in several states
The semiconductor industry in Brazil has revenues of more than R$ 3 billion annually, equivalent to only 0,2% of the world supply of these components. In 2019, the last year with concrete data available, investment in research and development in the area reached BRL 90,2 million, and the products manufactured by Padis resulted in the collection of BRL 59,2 million in federal taxes.
According to the MDIC, the expansion of the Federal Government's exemption program for the solar panel industry will boost the production of semiconductors and the generation of quality jobs in several states of the country.
For the folder, the expansion of the semiconductor industry could encourage innovation in other important areas for competitiveness, such as artificial intelligence and cloud computing. With regard to solar energy, the ministry points out that Padis will increase investments in green infrastructure and in new clean energy plants in various locations in the country.
Solar energy in Brazil
In full expansion, the photovoltaic solar energy it is already a reality all over the world, conquering a significant number in Brazil as well. According to data from the Brazilian Solar Energy Agency (Absolar), in January 2023 solar energy reached an incredible milestone, occupying the second position in the Brazilian electricity matrix, surpassing wind and second only to hydro, totaling 11,2% of representation , with around 24 GW of installed power.
Still according to data from the association, the segment has already moved about R$ 125 billion in investments and more than R$ 39 billion in tax collection. The expectation is that, this year, 10 GW of installed power will be added, accumulating an incredible power of 43 GW, that is, an expansion of more than 50%.