01 May 2022

Important communication for Brazilian Suppliers - IPI Reduction Decree 11.055/2022

Dear Suppliers,

Decree nº 11.055/2022 was published in the DOU of April 29^th, 2022, which amends the Table of Incidence of the Tax on Industrialized Products (“Tabela de Incidência do Imposto sobre Produtos Industrializados”- TIPI), approved by Decree nº 10.923 of December 30^th, 2021, where the federal government increased it to 35 % reduction in Industrialized Products Tax (“Imposto de Produtos Industrializados” - IPI). The reduction in the previous IPI rate was 25%, that is, as a general rule, the new reduction to be applied from May 1^st, 2022, will be 13.33% compared to the current rate.

In view of the above, CNH Industrial informs its suppliers that it will be updating the IPI rate in its system, with completion scheduled for 05/02/2022.

As it is a presidential decree, it will take effect from May 1st, 2022, and does not require the approval of the Legislative branch.

For more details and information in Portuguese, please check the attachment.

We thank you for your usual cooperation and understanding.

Best regards,

CNH Industrial Purchasing