en.Wedoany.com Reported - Centaurus Niquel, the Brazilian subsidiary of Australian-listed company Centaurus Metals (ASX: CTM), has been granted state-level tax incentives by the government of Pará, Brazil, applicable to its flagship project—the Jaguar nickel sulfide project located in Pará. These incentives are provided under Pará State Law No. 6,716/2005 and apply to the Tax on Circulation of Goods and Services (ICMS), which is typically levied at 20% in the state.

The incentives include full exemption from ICMS on all goods, equipment, raw materials, and reagents (whether purchased within Pará or imported), as well as on equipment not manufactured in Brazil. Additionally, exemptions are granted for the ICMS differential on equipment purchased in other Brazilian states. Fuel and electricity purchased within Pará are eligible for a 50% ICMS reduction. These exemptions are implemented through ICMS deferral, shifting the tax burden to the next stage of the supply chain. For the Jaguar project, since nickel concentrate exports are exempt from ICMS, the deferral effectively equates to a direct exemption.

Managing Director Darren Gordon stated: "The Pará state government is committed to supporting the sustainable development of critical minerals for the energy transition, which is at the core of the Jaguar project's development." The company continues to advance financing solutions for the Jaguar project to support a final investment decision expected by the end of September 2026. These state tax incentives provide direct economic benefits for goods and services purchased during the project development phase, and the relevant incentives have been published in the Official Gazette of Pará.

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