The ordinance with new rules determines, among other measures, ICMS collection and actions to combat smuggling
International companies will be able to cancel the import tax for e-commerce purchases by up to $50 (about R$242), if they comply with a series of new rules created by the Brazilian government, including the collection of state taxes and the fight against smuggling. The ordinance with the new rules was published by the Ministry of Finance this Friday 30.
To have the import tax cleared, the company must voluntarily join the Federal Revenue’s Conforming Remittance program. The exemption for those who join begins to be valid from 1 August.
Starting with the new determination, Internet purchases of up to $50 made at companies that don’t follow the new rules continue to be charged.
Until then, the existing exemption for purchases up to $50 was limited to international shipments between individuals.
See below the set of criteria created for e-commerce businesses:
• transfer the taxes collected;
• provide the consumer with information on tax rates, postage and other expenses;
• clearly affix the brand and name of the company in question in the sender field on the package sent to the consumer;
• Fight against embezzlement and smuggling.
The Ministry of Finance has also mandated that companies collect the Circulation of Goods and Services Tax (ICMS) so that purchases of up to USD 50 do not receive import tax. The ICMS rate was unified at 17% earlier this month by the National Committee of State and Federal District Finance Secretaries (Comsefaz).
Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
