Amazon and Shopee formalize application to join the IRS program for tax exemption on purchases up to US$50

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Requests must still be analyzed. If accepted, companies that joined the program will account for 78.5% of the volume of remittances sent to the country. Government creates rules for international purchases of up to US$50 on the internet Amazon and Shopee sent applications to join the Federal Revenue Service’s Remessa Conform program this Friday (15). In practice, this means that, if orders are accepted, international purchases made on these companies’ websites will no longer be subject to import tax, as long as they do not exceed the limit of US$50. According to the IRS, orders will be analyzed and the certifications will need to be published in the Official Gazette of the Union (DOU) to have legal effects. ✅Click here to follow the new g1 channel on WhatsApp. ⚠️The old group will be deactivated. Even if you are already part of our community, you need to register again. The new rules for the taxation of international purchases made over the internet were announced by the Ministry of Finance at the end of June and came into effect at the beginning of last month. The measure provides for exemption from import tax on purchases of up to US$50 for companies that voluntarily adhere to the Federal Revenue Service’s Compliant Shipment. Companies that sign up for the program are also responsible for collecting the 17% Tax on the Circulation of Goods and Services (ICMS). Companies that do not adhere will continue to be taxed. CALCULATOR: see how the prices of international purchases are with the new rules Other companies have already joined the program The two companies were not the first to join the Conform Remittance program. Names like Aliexpress, Shein and Sinerlog have also signed up and are already certified. According to information from the Tax Authority itself, companies that have already joined the program account for approximately 67% of the volume of remittances sent to the country. With the new certifications, this number should rise to 78.5%. See what the new rules say: Companies that join the IRS program will have the benefit of import tax exemption for purchases up to US$50; For purchases over US$50, nothing changes in federal tax collection. In these cases, taxation of 60% of the import tax remains in force. The import declaration and eventual payment of taxes will take place before the arrival of the goods. The seller is obliged to inform the consumer of the origin of the products and the total value of the merchandise (including federal and state taxes). The Federal Revenue ordinance does not deal with state tax rules, which are the responsibility of each federation unit. In June, the states unanimously decided to adopt a 17% Tax on the Circulation of Goods and Services (ICMS) rate for purchases made on online platforms from international retailers. The current rules, with a 60% import tax exemption for shipments between individuals, continue. See what changes with the new rules

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