Brazilan tilapia exporters stand to benefit after the Brazilian government approved a series of tax breaks on raw materials, a move aimed at boosting overseas exports.
The measures requested by the industry provide tax relief amount to 5 percent of the cost of finished products, a spokesperson at trade body Peixe BR told IntraFish.
Tax exemptions will cover all raw materials required to produce, distribute and market tilapia and its byproducts for export markets, but won't be applicable to fish produced for domestic consumption.
