IR Normative Ruling No. 1,364, published on 06.21.2013, modified IRS Normative Ruling No. 948/09, which rules the suspension of Tax on Manufactured Products (IPI).

After this modification, the definition of a mainly exporting company consists of a company whose gross revenue related to exports during the calendar year previous to the acquisition of assets is equal or higher than 50% of its total gross revenue concerning the sales of goods and services during the same period, regardless of the nature of the product.

(IRS Normative Ruling No. 1,364, 06.20.2013, Official Gazette 06.21.2013. Available at: http://www.receita.fazenda.gov.br/Legislacao/Ins/2013/in13642013.htm. Accessed in June, 2013).