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

Welcome to all our new twitter followers. If you are guests from last night's #ITRawards2015 we hope you had a great time!

May 22 2015 08:59 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @expertmile: Best of Forbes India: 2011-2012 How Vodafone won the famous tax case http://t.co/4ql1HS5vZE http://t.co/JiijOwU2Rz

May 22 2015 02:44 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @rostilly: The @MeridianVAT team at this years European tax awards - London @IntlTaxReview http://t.co/lXFhcNZzAJ

May 22 2015 02:41 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @hselftax: @TimDaviesTax @joshwiddicombe you've got Josh?? We've just got the editor of @IntlTaxReview (in a kilt tho') http://t.co/JX0D

May 22 2015 02:40 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @hselftax: @iptax at #ITRawards2015 the music is reminiscent of the Berlin Olympics. Very odd. @IntlTaxReview

May 22 2015 02:40 ·  reply ·  retweet ·  favourite
International Correspondents

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