Brazil reinforces differentiated tax system for biofuels

A new Amendment to article 225 of the Brazilian Constitution - which safeguards the right to an ecologically balanced environment for the common use, essential to a healthy quality of life - determines a more favorable tax regime for biofuels intended for final consumption.

With this measure, the tax rate differential of the consumer price of hydrated ethanol in relation to that of commercialized gasoline is preserved, resulting in an increase in the competitiveness of biofuels.