Senate approves tax incentive to recycling, reverse logistics and circular economy

The Federal Senate recently approved Bill No. 6,545, which establishes tax incentives for the recycling industry and creates the Support Fund for Actions Focused on Recycling (Favorecicle) and Investment Funds for Recycling Projects (ProRecicle).

Fabrício Soler, Rafael Malheiro and Gabriel Paranaguá have produced an Alert, in Portuguese, that explains in detail the three main measures established by the PL and how the partial reduction of income tax may occur due to direct support of projects previously approved by the Ministry of the Environment.

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