Brazil: Federal Senate unifies the VAT rate over interstate transfers of imported goods
01 July 2012
The Brazilian Senate published on April 26 2012, Resolution No. 13,
establishing that the rate of the VAT – "ICMS" shall be 4% in interstate
operations with imported goods and merchandise which, after their
|Nélio B Weiss
Have not been subject to an industrialisation process; orEven if subject to any process of transformation, processing,
assembly, packaging, repackaging, renewal or reconditioning, result in
merchandise or goods with importation content higher than 40%.
The above provision does not apply to: (a) imported goods and
merchandise that do not have a...
This article is available to subscribers and current trialists of International Tax Review only. Please log in or subscribe for access to the rest of the article.
Alternatively take a free trial, giving you 7 days of access.
This article is available to subscribers only. To read the rest of this article please subscrbe.
This article is available to trialists and subscribers only. Please take a free 7 day trial to read the rest of the article.