Copying and distributing are prohibited without permission of the publisher

Brazilian Ports War triggers new legislation for inter-state transactions

15 November 2012

ITR Correspondent

Renata Correia Cubas, of Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados, explains why state VAT incentives for imported goods are causing problems for Brazilian taxpayers.

Brazilian taxpayers have sought a reduction in state VAT incentives granted to import transactions, and also in the tax credits arising from inter-state transactions of imported goods in recent years.

Under Brazilian law, the state VAT rate applied to inter-state transactions is between 7% and 12% depending on the states involved.

Payment of the VAT generates a tax credit against the state of destination of those goods, which is often not fully charged in the state of origin upon customs clearance of the goods. Most states offering incentives...



This article is locked content, available to current subscribers or trialists.

  • Current subscribers or trialists - Please log in to view this article in full.
  • New users - Please take a free 7 day trial.
  • Expired subscribers or trialists - Please subscribe to gain immediate full access.

If you think you've received this message in error, please contact your account manager, Nick Burroughs:
Email: nburroughs@euromoneyplc.com, Tel: +44 (0)207 779 8379

Subscribe now

Subscribe today to gain full access to International Tax Review.

Subscribe

Free trial

Take a free trial now and gain 7 days of full access to International Tax Review.

Free trial





International Tax Review Profile

A new Brazilian scheme which looks a lot like the UK's #DOTAS requires taxpayers to disclose details of #tax planning http://t.co/Xjpfnz3NLG

Jul 28 2015 05:52 ·  reply ·  retweet ·  favourite
International Tax Review Profile

As empresas brasileiras estão agora obrigados a divulgar estruturas de planeamento fiscal. http://t.co/XjpfnyMcU8

Jul 28 2015 05:49 ·  reply ·  retweet ·  favourite
International Tax Review Profile

#IASB defers effective date of #revenuerecognition standard for 1 year http://t.co/DAMx1z0gDa

Jul 23 2015 04:11 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Oh dear! Large taxpayers aren't going to like this. Whichever side you're on, it means more #compliance http://t.co/kqnEyJdQRx @HMRCgovuk

Jul 23 2015 04:06 ·  reply ·  retweet ·  favourite
International Tax Review Profile

France rapped for illegal state aid for @edfenergy http://t.co/djFLPweOW0 @EU_Commission Read about @Vestager here http://t.co/CJShDolk9I

Jul 22 2015 12:37 ·  reply ·  retweet ·  favourite
International Correspondents

After the Irish budget, what would make you more likely to put more substance into Ireland?