NewsCase StudiesEvents

Brazil Approves Import Taxes Reduction On 252 Items

Also in the news...

UK Export Finance is ‘open for business’ with billions available for exporters

Exports Minister, Mike Freer, delivers keynote speech at the UK Trade and Export Finance Forum

Trade Secretary to boost transatlantic trade and investment on first US visit

International Trade Secretary will lay groundwork for broad approach to transatlantic trade and investment in first official visit to New York and Washington DC

Points-based immigration system: delivering on people’s priorities

One year ago a new immigration system launched, with visa routes attracting skilled workers across construction, hospitality, health, social care, science and research.

UK Tradeshow Programme

The UK Tradeshow Programme offers government support to help UK businesses successfully attend or exhibit at overseas trade shows.

New Legal Regime on Stamp Duty Charges in Nigeria under the Finance Act, 2019

The Finance Act, 2019 amended some provisions of the Companies Income Tax Act, Petroleum Profit Tax Act, Personal Income Tax Act, Value Added Tax Act, Customs and Excise Tariff etc. (Consolidation Act), Capital Gains Tax Act and Stamp Duty Act.

Brazil Approves Import Taxes Reduction On 252 Items

Back to News

The Brazilian Foreign Trade Board, CAMEX,has just released a new list of items included on the ex-tarifário regime.

The resolution approved import taxes reduction for 177 products and renewed the grant for 75 items.

The CAMEX resolution is valid until December 31st, 2015.

Such measure aims to stimulate investments in production through a temporary reduction of import duties on capital goods, IT and telecommunication equipment, provided there is no domestic production for the listed items.

For the items just released, tax rates went from 16% to 2%.

These products are linked to a global investment of US$ 5 billion. The products with reduced tax rates come mainly from United States, China, Scotland, and Spain.

The ex-tarifário is an instrument available to Brazilian importers that grants temporary import taxes reduction on capital goods , IT and telecom equipment. Items marked as BK (capital goods) and BIT (computer and telecom equipment) on the NCM list (harmonized code list) are eligible to apply for it. Applications for ex-tarifário can be placed by a single company or by a business association. The required information includes planning, forecasts, information on investment and main purposes. A key factor for the ex-tarifário is the nonexistence of domestic production for the item to be imported. Moreover, there are some other criteria and aspects

Article supplied by G.Jacintho/InterGest Brazil

G.Jacintho/InterGest Brazil

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.