PC Tax Exemption for Crypto Mining Published

On May 9, the federal government published a resolution that resets the tax rate charged on imports of equipment used in cryptocurrency mining.

The decision on cryptocurrency mining was taken by the Foreign Trade Chamber (Gecex) of the Ministry of Economy and published in the Official Gazette of the Union.

Gecex Resolution No. 339 “changes to zero percent the rates of Import Tax levied on Computer and Telecommunications Goods that it mentions, as ex-tariffs.”

The text specifies, in item 34 of Annex 2, that the zero rate is intended only for machinery that works with the SHA256 algorithm, widely used for coin mining.

The approved resolution precisely points out the type of product that would be free of fees: “Servers dedicated to mining cryptocurrencies using the SHA256 algorithm, with energy efficiency measured at 25º Celsius equal to or less than 32 J/TH (joules/terahash).”

Cryptocurrency mining is solving math problems

In the mining process, high-level processing computers connected to the blockchain network compete to solve mathematical problems that value the network’s transactions. The computer that first discovers the answer to the problem is rewarded with an amount of coins, having thus “mined”.

Also on the list are CMTS (Cable Modem Termination System) convergent broadband digital routers, for HFC (Hybrid Fiber Coax) networks and DOCSIS (Data Over Cable Service Interface Specification) and CCAP (Converged Cable) protocol. Access Platform – cable service convergence platform), with routing capabilities for full support of advanced IP services, equipped with: high-density modular chassis, controller cards with 10-Gigabit “Ethernet” and 100-Gigabit “Ethernet” ports , “DownStream” and “Upstream” RF cards, PIC (Physical Interface Card) cards and fan modules.

Multidisciplinary equipment aimed at establishing WAN connectivity solutions between locations was also benefited, being an open platform for multi-manufacturers using directly installed software or in virtualized mode, equipment with standard x86 processors from 4 to 16 cores, RAM memory from 8GB to 128GB, internal SSD (Solid State Drive) disk with capacity from 120GB up to 4TB with minimum 2 USB 3.0 multifunction ports and console port, TPM 2.0 facility, minimum 4 1GE UTP ports and 2 SFP+ ports for interfaces up to 10GE, maximum height of 5.2cm in the desktop mount option and 4445cm in the “rack” mount option, equipped with 1 or 2 power supplies, with “IO to PSU” ventilation system or side and rear exhaust system.

Check it out on official diary the equipment list.

Via Exam and Digital Convergence

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