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 triallists.

  • 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 @PearseTrust: "Is it time to scrap the #FTT?" http://t.co/1EeSaUuCHI by @IntlTaxReview #Tax

Aug 29 2014 01:39 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @TPWeek: Inversion whopper anyone? #funfridays #transferpricing #taxinversions #BurgerKing #TimHortons http://t.co/GsG4lzlc2E

Aug 29 2014 10:45 ·  reply ·  retweet ·  favourite
International Tax Review Profile

GMAC judgement due on Wednesday @EUCourtPress Here's #UK Tribunal's request for prelim ruling http://t.co/6khzFBoVkL #VATrepayment

Aug 29 2014 10:01 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @taxmOuth: TaxProse Daily Tax News is out! http://t.co/e5mLQcHw0x Stories via @IntlTaxReview @YourVoiceAtIRS Thanks for the mention!

Aug 29 2014 09:46 ·  reply ·  retweet ·  favourite
International Tax Review Profile

#ff @APMTerminals @iaincampbell07 @arungiri @GlobalTaxAdvice

Aug 29 2014 09:45 ·  reply ·  retweet ·  favourite

Which possible outcome of the G20 / OECD BEPS project would carry the biggest fear for your company?