Investor Presentaiton
32. Tax benefits
33. Insurance
The Company and its subsidiaries have tax incentives within certain state
and federal industrial development programs. The state programs are ai-
med at attracting industrial investments seeking regional decentralization,
promoting employment and income generation, besides complementing
and diversifying the industrial matrix of the states. These fiscal incentives
are approved by the states in the form of percentage financing of up to
75%, presumed credit with a percentage of up to 95% and deferral of the
payment of taxes or partial reductions of the amount due for imports of
assets and inputs.
The Company and its subsidiaries maintain civil liability policies for executi-
ves and directors, in addition to insurance coverage for equity risks and loss
of profits. Such policies have coverage, conditions and limits, considered by
Management to be adequate to the inherent risks of the operation.
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