As of August 1st, the new rule for international shopping tax in Brazil. This change was enthusiastically received by international retailers and will also benefit public coffers.
However, there are several questions about how this will affect the end consumer. Therefore, we have prepared this article to clarify them, ensuring that you understand once and for all the implications of this new taxation model. Follow!
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In the old model, remittances from companies to individuals abroad were subject to a rate of 60% Import tax.
In addition, depending on the state where the buyer resided, the Commerce Tax was levied of Goods and Services (ICMS), although inspection was little applied to low-cost goods. value.
In some exceptions, the Import Tax was not charged: books, magazines and other publications periodic bills, in addition to drug purchases by individuals of up to US$ 10,000, as long as they met the standards from Anvisa.
The exemption for orders of up to US$ 50 also existed, but only if the shipment took place between two natural persons, without commercial purposes.
However, this created problems with companies that took advantage of this loophole to avoid paying taxes.
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Now, federal tax exemption will be granted to all orders up to US$ 50, regardless of whether they are made between individuals or companies.
However, companies will need to adhere to the Federal Revenue's compliance program, known as “Conforming Remittance”, to obtain such an exemption.
In order to adhere to the program, businesses must conform to Federal Revenue regulations and, in exchange, will have access to an advance declaration that will allow the goods to enter the country more quickly.
If they do not adhere to the program, they will have to pay a 60% Import Tax rate, as with purchases over US$ 50.
In addition, all orders for individuals, placed by companies that have adopted "Conforming Shipping", will be subject to the payment of 17% of ICMS, tax levied by the states.
Such a change is seen as positive by shopping sites, but it also raises questions by entities linked to retail, since that companies will have to adapt to the new rules and pay ICMS, and this may affect their operating costs.
However, the new rule is still seen as positive, as it seeks to bring more control and efficiency to the taxation of orders from abroad.
In addition, it aims to combat fraud and ensure that the taxes due are paid, bringing more transparency to the Brazilian import system.
