Brazil — Historical Events Description

Brazil flag
Brazil
Event
“Lei do Bem” Innovation Tax Incentives
Category
Economic
Date
2005-11-21
Country
Brazil
Description

Law No. 11,196 is widely known for creating tax incentives to support innovation and technology development. It also created special tax regimes such as REPES and RECAP, aimed at encouraging investment and exports in certain sectors.The law became an important federal tool for stimulating private-sector research and development. It affected how eligible companies could receive tax benefits when investing in innovation activities.