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July 27, 2024
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Retailers begin taxing international purchases of up to US$50

Retailers begin taxing international purchases of up to US$50

The main overseas shopping websites began charging this Saturday (27) the 20% Import Tax on international purchases of up to US$ 50. Retailers begin taxing international purchases of up to US$50

The tax officially comes into effect on August 1st, but some companies have decided to anticipate the incidence of the tax to adjust import declarations and authorize the entry of goods into the country after the deadline.

AliExpress and Shopee have confirmed their intention to charge the fee starting today. Shein will only start charging the fee at midnight on August 1.

The tax was approved by the Chamber of Deputies as part of the Mover Program, which provides incentives for the automotive industry. The Senate approved the text in early June.

The 20% Import Tax will be levied on the value of the product, including shipping and insurance charges. In addition to the tax, the purchase will also be subject to a 17% Tax on the Circulation of Goods and Services (ICMS), a state tax that was already charged on international purchases of up to US$50 on international websites.

The Federal Revenue Service does not yet have an estimate of how much the federal government will collect with the new tax. According to the Secretary of the Federal Revenue Service, Robinson Barreirinhas, the projection should be included in the bimonthly revenue report, which will be released in September.

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