Government creates rules for online international purchases of up to US$ 50 – 06/30/2023 – Market
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The Ministry of Finance published this Friday (30th), in the Official Gazette, an ordinance with new rules for international purchases made over the internet.
According to the ordinance, Import Tax will not be charged for purchases of up to US$ 50, or equivalent in another currency, destined for individuals, provided that the e-commerce company, national or foreign, is part of the Conforming Shipping Program , from the IRS.
To be benefited, the company also needs to collect state taxes on imports.
The new rules come into effect on August 1st.
According to the Ministry of Finance, the Special Secretariat of the Federal Revenue will prepare bimonthly program evaluation reports to monitor adherence, point out the results obtained and propose changes to the differentiated rate.
In April, the Lula government announced a retreat in its intention to end the exemption for international remittances of up to US$50 from individuals to individuals.
In a meeting with the Minister of Finance, Fernando Haddad, President Luiz Inácio Lula da Silva (PT) complained that the end of the exemption would affect the low-income and lower-middle class population, the main consumer groups of platform products such as Shopee and Shein.
It was also pointed out that higher income sectors can travel abroad to purchase imported products, with a quota of up to US$ 1,000.
The end of the exemption had been announced by the Secretary of the Federal Revenue, Robinson Barreirinhas.
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