IMPLEMENTATION LEVEL

Supranational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jan 2012 | Removal date: open ended
Still in force

Internal taxation of imports

On 3 August 2010, the members of Mercosur agreed to the elimination of double taxation for imports and the adoption of a single customs code, accompanied by the introduction of a common customs document entitled "Documento Único Aduanero del Mercosur" (DUAM).
 
Starting 1 January 2012, goods imported into one Mercosur member and then shipped to another Mercosur member shall no longer be subject to double taxation. This measure concerns finished as well as intermediate goods processed in the former member.
 
Also, to be negotiated over the next six months, the Mercosur countries agreed to implement a common Mercosur customs code. The code shall replace national regulation and has the potential to share revenues among the member states.

AFFECTED COUNTRIES

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