IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 19 May 2020 | Removal date: 31 Dec 2020

Internal taxation of imports

On 19 May 2020, the Brazilian Executive adopted Decree 10,352 eliminating temporarily the tax on industrialised products (i.e. IPI in Brazilian) applicable to imports of digital thermometers.

Concretely, the new legislation applied to products classified under tariff line NCM 9025.19.90. Previously to this legislation, the applicable IPI tax was 15%.

In a previous announcement made in March 2020, the government stated that the elimination of the IPI tax in the imports of certain goods was to be adopted in order to fight the COVID-19 outbreak. In addition to this new rule, the government has adopted several other measures (please, see related state act).

The IPI tax is a federal excise tax applies, with a few exceptions, to all sales and transfers of goods manufactured or imported in Brazil. This tax is part of the Brazilian VAT.

Decree 10,352 entered into force on 19 May 2020 and applies until 30 September 2020.

Update
On 2 October 2020, the Brazilian Executive adopted Decree Nº 10503 extending the elimination of the IPI tax approved via Decree 10,352 until 31 December 2020.

 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

482 Instruments & control equipment, except optical instruments
9025 Hydrometers and similar floating instruments, thermometers, pyrometers, barometers, hygrometers and psychrometers, recording or not, and any combination of these instruments.
902519 Other

Please report this page in case you detect an inaccuracy in its content.