Brazil Increases Import Tax on Solar Modules, Sparking Concerns Over Industry Impact

Brazil's Ministry of Development, Industry, Trade and Services (MDIC) announced this week an increase in the import tax rate on solar modules from 9.6% to 25%. The decision applies to photovoltaic (PV) cells that are assembled into panels or modules. The Executive Management Committee of the Chamber of Foreign Trade (Gecex-Camex) approved the tariff hike,