ANNOUNCED AS TEMPORARYNo
Internal taxation of imports
On August 9, 2017, the president of Brazil issued Provisional Measure 794/2017 revoking Provisional Measure 774/2017 and setting again the additional 1% rate of the contribution for the financing of social security (i.e. COFINS) levied on imports related to oil and natural gas; pharmaceuticals, pharmaceuticals, toiletries, toilet linen and toiletries; certain machines; certain auto parts; and certain packaging destined to the bottling of water, soda and beer. This additional 1% was set on Law no. 13.137 from June 22, 2015, but suspended by Provisional Measure 774/2017 (see related state acts).
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