DUTIES AND TAXES

Brazil has a complicated duty and tax system with a large number of duties and taxes. Import duties are on average 15 % and reach a maximum of 36%. Duties according to value are levied on the CIF value of the product. The import value of the goods is calculated by applying a special foreign exchange rate to the CIF value. The classification of products to determine import taxes is based on the Brussels nomenclature. The table below shows an example of expenses added to an imported product, thus calculating landed cost in Brazil. The example can only be regarded as an illustration of the principles since duties and taxes differ depending on the type of product.
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%N,gs6k@{SP [table=367][tr][td][align=left][b]Description[/b][/align][/td][td][align=center][b]Price[/b][/align][/td][/tr][tr][/tr][tr][td][align=left][b]FOB - price of product[/b][/align][/td][td][align=right][b]100.000,00[/b][/align][/td][/tr][tr][td][align=left]Freight (average of 2.4% on FOB)[/align][/td][td][align=right]2.400,00[/align][/td][/tr][tr][td][align=left]Insurance (0.5%- 2% on FOB[/align][/td][td][align=right]1.000,00[/align][/td][/tr][tr][td][align=left][b]Price CIF[/b][/align][/td][td][align=right][b]103.400,00[/b][/align][/td][/tr][tr][td][align=left]Import Duty - II (14% on CIF)[/align][/td][td][align=right]14.476,00[/align][/td][/tr][tr][td][align=left]Tax Over Industrial Products - IPI (5%)[/align][/td][td][align=right]5893,8[/align][/td][/tr][tr][td][align=left]VAT (ICMS, S?o Paulo - 18%)[/align][/td][td][align=right]23.339,45[/align][/td][/tr][tr][td][align=left][b]Subtotal[/b][/align][/td][td][align=right]147.109,25[/align][/td][/tr][tr][td][align=left]PIS (1,65%)7S7D:w {
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COFINS (7,60)0q]BW)Hu
[b]Subtotal
4A Z;z?0B.{8o [/b]Merchant marine fee (including AFRMM)[/align][/td][td][align=right]2.524,55
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O/e'Un1A [b]161.262,03Fd2wi+Hb6X0F0K
[/b]1.200,00[/align][/td][/tr][tr][td][align=left]Warehouse up till 15 days (+ handling fee)[/align][/td][td][align=right]600[/align][/td][/tr][tr][td][align=left]Others[/align][/td][td][align=right]400[/align][/td][/tr][tr][td][align=left][b]Total Cost[/b][/align][/td][td][align=right]163.462,03[/align][/td][/tr][/table]2s-h1`q+~/Y~2d2V&a

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Q (*) VAT, PIS and COFINS have special calculation formulas that were established by the Brazilian Internal Revenue Service (Secretaria da Receita Federal do Brasil ¡§C SRF)
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:t^,K{!Go*X IPI vary from 0% for basic goods, to 365% for luxury goods. ICMS vary from 0% to 25%.(XsG1{ KZz,`h
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very good information:handshake

is there arey foreign person here?I want to do business with them directly!