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LatinNews Daily - 06 June 2024

In brief: Brazil’s senate approves tax on international e-commerce

*Brazil’s senate has approved a bill (PL 914/2024) which includes a proposal to impose a 20% import tax on items that cost under US$50 purchased from international e-commerce companies, such as online shopping giants Shein, Shopee, and AliExpress, which have a huge presence in Brazil and enjoy tax exemptions on their cheapest merchandise. The lower chamber had approved the bill on 28 May. When the bill was being reviewed in the lower house, federal deputies shoehorned the import tax measure as an amendment into PL 914/2024, the core measure of which is to grant tax incentives for manufacturers of electric vehicles (EVs). On 4 June the rapporteur overseeing the bill’s passage through the senate, Rodrigo Cunha, removed the import tax proposal from the legislation, saying that this was a clear attempt to urgently force through the tax measure by attaching it to an unrelated bill. However, the import tax proposal was reattached to the EV bill one day after it was removed, suggesting that senators have conceded to the pressure to impose the import tax. Associations representing Brazilian companies, such as retailers and clothing manufacturers, have long called for more taxes on foreign competitors.

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