Service Drawback Will Reduce Export Costs; Secex To Regulate The Modality

Written by Bruno Teles

Published on 26/01/2023 at 18:58

Drawback (Foto/divulgação)

Seja o primeiro a reagir!

It Is Important for Companies Because It Means Lower Export Costs. The Service Discount Suspends Taxation on a Series of Services, Provided That Your Contract Is Directly Related to the Export of Goods.

The model, which came into effect on January 1, 2023, extends the moratorium on the use of services, which companies already benefit from when purchasing inputs for the industrialization of products to be exported. This discount was established by Decree 37/1966 and has since been updated by several other regulations.

Learn More About the System to Reduce Export Costs

Under the traditional model, the system suspends the collection of Import Tax (II), Tax on Industrialized Products (IPI), PIS, Cofins, and ICMS. For the moratorium to be exempt, companies must certify that the import or equivalent is used in products that will be subsequently exported. In the absence of proof, unpaid taxes will be charged with interest and fines.

The service tax was established last year through Law 14.440/2022, which inserted Article 12-A into Law 11.945/2009. The provision provides for the suspension of the contracting of 16 services by PIS/Cofins and PIS/Cofins Import, provided that they are directly related to the export of goods. However, the provision stipulates that for it to be effective, the new model of the system needs to be regulated by a joint ordinance of the Federal Revenue Service and the former Special Secretariat for Foreign Trade and International Affairs (Secint) of the economy.

ARTICLE CONTINUES BELOW

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

According to data from the Organisation for Economic Co-operation and Development (OECD) quoted by the former Ministry of Economy, services accounted for an average of 35.7% of the value added of exports, meaning that the exemption would have a reasonable impact on companies.

Modalities

Currently, there are three modalities of drawback: suspension, exemption, and tax refund. The first two are administered by the Foreign Trade Secretariat – Secex, while the third is the responsibility of the Federal Revenue Service of Brazil – RFB, and is practically no longer used.

Drawback Suspension – Integrated Module: For the registration and monitoring of Drawback Concession Acts (AC) of the “suspension” modality.

Drawback Integrated Exemption: For the registration and monitoring of Drawback Concession Acts (AC) of the “exemption” modality.

Drawback Suspension – Blue Module: For the registration and monitoring of special operations of the “Vessel” and “Supply in the Domestic Market” (FMI) types.

What Are the Export Costs?

Understand what the main export costs are:

· Fiscal classification. The correct fiscal classification can determine the success or failure of a business.

· Agreements with target countries.

· Transportation.

· Technology.

· Customs transit.

· Customs regulations.

Service Drawback Will Reduce Export Costs; Secex To Regulate The Modality

It Is Important for Companies Because It Means Lower Export Costs. The Service Discount Suspends Taxation on a Series of Services, Provided That Your Contract Is Directly Related to the Export of Goods.

Learn More About the System to Reduce Export Costs

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Modalities

What Are the Export Costs?

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

Found in one of the most radioactive places on Earth, this Chernobyl fungus may be doing something with radiation that no one has been able to explain to this day.

The U.S. Army receives the first Black Hawk helicopter that can fly without pilots, be controlled by a tablet, and even land on its own during high-risk missions.

With more than 635,000 doctors, Brazil sees competition increasing in large cities, and recent graduates are competing for shifts at an accelerated pace while the countryside still faces shortages.

What can really trigger large volcanic eruptions? Research suggests that gas returning to the magma may be more dangerous than gas escaping from it.

Goodbye expensive popular car: electric vehicle for less than R$ 70,000 starts being sold in Brazil with a range of 200 km and targets those looking to escape gasoline.

With an investment of R$ 612 million, a capacity to process 1.2 million liters of milk per day, Piracanjuba inaugurates a mega cheese factory that increases national production, reduces dependence on imports, and repositions Brazil on the global dairy map.

USA and China compete for Brazil over resources that could be worth trillions — rare earths put the country at the center of a global dispute

Motorola launched the Signature with a gold seal from DxOMark, tying with the iPhone 17 Pro in camera performance, Snapdragon 8 Gen 5 that surpassed 3 million in benchmarks, and a zoom that impresses even at night.

Satellites reveal beneath the Sahara a giant river buried for thousands of kilometers: study shows that the largest hot desert on the planet was once traversed by a river system comparable to the largest on Earth.

The government requests the Federal Revenue Service for a new system to automate the income tax declaration, reducing errors, time, and bureaucracy for millions of Brazilians.

With 74% of companies facing difficulties in hiring, technicians and engineers in renewable energy are becoming scarce in Brazil and are essential to support the expansion of solar, wind, and green hydrogen projects.

Service Drawback Will Reduce Export Costs; Secex To Regulate The Modality

It Is Important for Companies Because It Means Lower Export Costs. The Service Discount Suspends Taxation on a Series of Services, Provided That Your Contract Is Directly Related to the Export of Goods.

Learn More About the System to Reduce Export Costs

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Modalities

What Are the Export Costs?

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

Found in one of the most radioactive places on Earth, this Chernobyl fungus may be doing something with radiation that no one has been able to explain to this day.

The U.S. Army receives the first Black Hawk helicopter that can fly without pilots, be controlled by a tablet, and even land on its own during high-risk missions.

With more than 635,000 doctors, Brazil sees competition increasing in large cities, and recent graduates are competing for shifts at an accelerated pace while the countryside still faces shortages.

What can really trigger large volcanic eruptions? Research suggests that gas returning to the magma may be more dangerous than gas escaping from it.

Goodbye expensive popular car: electric vehicle for less than R$ 70,000 starts being sold in Brazil with a range of 200 km and targets those looking to escape gasoline.

With an investment of R$ 612 million, a capacity to process 1.2 million liters of milk per day, Piracanjuba inaugurates a mega cheese factory that increases national production, reduces dependence on imports, and repositions Brazil on the global dairy map.

The government requests the Federal Revenue Service for a new system to automate the income tax declaration, reducing errors, time, and bureaucracy for millions of Brazilians.

Pix in installments, international Pix, and contactless payment without internet: the Central Bank revealed the new features coming to the tool that is already used by almost every adult in Brazil.

Mercado Livre has just started selling medications with delivery in up to three hours to your door, and this move could completely change the way Brazilians buy medicines on a daily basis.

In Dubai, rising tensions from the war in the Middle East are causing super-rich individuals to leave the Gulf and direct their fortunes to a new financial refuge in Asia.

“No one will make us change the Pix,” says Lula after the US report.

USA and China compete for Brazil over resources that could be worth trillions — rare earths put the country at the center of a global dispute

Motorola launched the Signature with a gold seal from DxOMark, tying with the iPhone 17 Pro in camera performance, Snapdragon 8 Gen 5 that surpassed 3 million in benchmarks, and a zoom that impresses even at night.

Satellites reveal beneath the Sahara a giant river buried for thousands of kilometers: study shows that the largest hot desert on the planet was once traversed by a river system comparable to the largest on Earth.

The government requests the Federal Revenue Service for a new system to automate the income tax declaration, reducing errors, time, and bureaucracy for millions of Brazilians.

With 74% of companies facing difficulties in hiring, technicians and engineers in renewable energy are becoming scarce in Brazil and are essential to support the expansion of solar, wind, and green hydrogen projects.