Brazil: exemption form 4% ICMS tax on interstate sales for imported goods

In Resolution 13/2012 of the Federal Senate, the application of the 4% ICMS rate on interstate sales of imported goods has been outlined.

 

However, the 4% rate will not be levied on the following goods:

  • Goods produced using basic production processes as outlined by law decree 288/67 and laws 8.248 / 91, 8.387 / 91, 10.176 / 2001 und 11.484 / 2007
  • Natural gas imported from abroad
  • Imported goods that underwent an industrialization process as well as goods with an import percentage of 40% or less
  • Imported goods from abroad without a national equivalent according to the CAMEX resolution79/2012

 

These regulatory changes could affect your business with view to customizing or support of your ERP/SAP system. Please contact us to learn about possible necessary reactions to the changes – we are happy to assist you!