Sony reduces Playstation 5 suggested price in Brazil after reduction in industrial products' tax

The company said that the two versions of the console will be BRL 300 cheaper than before

03.Nov.2020 17:31 BRT
UPDATED 04.Nov.2020 07:54 BRT

The model with disk player now costs BRL 4,699;
The PlayStation 5 will be released in Brazil on November 19.

Sony announced on Tuesday that it had reduced the suggested price of its PlayStation 5 console in Brazil reflecting a government reduction decree of the tax on industrial products (IPI, in the acronym in Portuguese) on video game consoles, accessories, and games.

The company said that the two versions of the console will cost less BRL 300 in its suggested price. The model with a disc player now costs BRL 4,699, while the digital edition will cost BRL 4,199.

The DualSense control also had a reduction in its suggested value, costing BRL 469, against BRL 499 previously. The PlayStation 5 camera costs BRL 419, from BRL 449 before the IPI reduction.

“The suggested price reduction takes effect immediately and will also cover those who have already pre-ordered,” Sony said in a statement.

Last Thursday, President Jair Bolsonaro published a decree that cut IPI on consoles, accessories, and video games for the second time in his mandate.

– Redução de IPI para vídeogames:

(a) de 40% para 30%:consoles e máquinas de jogos;

(b) de 32% para 22%: de partes e acessórios dos consoles e das máquinas de jogos de vídeo cujas imagens são reproduzidas numa tela; (mais)… pic.twitter.com/IjmsYNXmK7
— Jair M. Bolsonaro (@jairbolsonaro) October 26, 2020

The PlayStation 5 will be released in Brazil on November 19, a week after its launch in the United States.

Last week, Microsoft also lowered the suggested price for its next generation of consoles. The Xbox Series X will be sold at BRL 4,599, from BRL 4,999 before the IPI reduction, while the Series S model, with less processing capacity, started to cost BRL 2,799, against BRL 2,999 previously. The consoles will be launched in Brazil on November 10.

(Translated by LABS)