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

RT @MWhitehouseTax: PwC Legal nominated for European Tax Disputes Firm of the Year 2015 #EuropeanTaxAwards2015 @IntlTaxReview

Mar 31 2015 03:09 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @rostilly: Delighted that @MeridianVAT is shortlisted by @IntlTaxReview for "Europeran Tax Technology Firm of the Year" http://t.co/YGrT

Mar 31 2015 02:14 ·  reply ·  retweet ·  favourite
International Tax Review Profile

#EuropeanTaxAwards2015 Congrats if your firm has been nominated! Now you will have to come to the dinner on May 21 http://t.co/xhkmr8oGam

Mar 31 2015 11:09 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @SimmonsLLP: Some exciting news today - we've been shortlisted for Spain Tax Firm of the Year by @IntlTaxReview at the #EuropeanTaxAward…

Mar 31 2015 10:53 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @p_sfitz: @taxpolblog @IntlTaxReview @alexcobham article very misleading, isn't that what inversion is for?

Mar 31 2015 10:52 ·  reply ·  retweet ·  favourite
International Correspondents

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