Shein enters government program and purchases will be taxed at up to 92%
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The Federal Revenue announced this Thursday (14) that Shein has joined the Remessa Compliance program. As a result, “the group of companies that have already been qualified in the program represents around 67% of the total remittances sent to Brazil from January to July 2023”. Online purchases of up to US$50, including shipping costs, at the Chinese retailer will be exempt from Import Tax. Purchases over US$50 will incur a total tax equivalent to 92% of the value of the product plus shipping.
The 92% taxes result from the application of federal import tax and ICMS. In addition to being applied in a cascade, the state tax is equivalent, in practice, to an increase of 20.48% as it is calculated “inside”. This means that the tax rate is applied on a base that already includes the tax itself.
In addition to Shein, AliExpress and e-commerce Sinerlog are also part of the program. According to the Federal Revenue, remittances sent to the country totaled around 123 million volumes from January to July 2023. “Of this total, around 83 million volumes arrived in the country through transport operators that provide services to companies already certified” , said the Revenue, in a note.
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