The Upper House has approved Provisional Measure (MP) 656 without any modification, which establishes a decrease of the Tax on Financial Transactions (COFINS) –Social Contribution to Finance the Social Security (PIS) on smartphones, tablets and computers through 2018, among others tax benefits for different economic sectors.
Furthermore, the resolution provides tax exemption to the Telecommunications Oversight Fund (Fistel) for small cell phones of less than 5 Watts, and a decrease for those between 5 and 10 Watts.