Ending The Stevedoring Fee On Import Taxes For Cargo Is Expected To Raise R$ 307.5 Million For Brazilian Ports In 2022, According To The Ministry Of Economy

Written by Ruth Rodrigues

Published on 20/06/2022 at 19:46

Fonte: Wilson Sons

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With the exclusion of the charges for the wharfage fee in the calculations of the import tax on freight at Brazilian ports, the Ministry of Economy is projecting a revenue of R$ 307.5 million by the end of 2022 with the take of the decision.

For this Monday, (06/20), the Ministry of Economy has good projections for the Brazilian port sector, with an estimate of monetary revenue of R$ 307.5 million, caused by the end of the wharfage fee in the import tax on freight in the country. Thus, the take of this decision should strongly benefit the national market by the end of 2022 with even more funds for the national complexes.

Ministry of Economy Projects Revenue of R$ 307.5 Million at Brazilian Ports Caused by the End of the Charges for the Wharfage Fee in the Import Tax on Freight

During the early days of June, the Federal Government announced the end of the charges for the wharfage fee in the import tax on freight in Brazil, to ensure the reduction of import costs of these goods at Brazilian ports to further boost operations in the current scenario. And, a few days after the take of this decision, projections for the future in the Brazilian port sector are getting better and better.

This is because the Ministry of Economy expects that the exclusion of the wharfage fee from the import tax on freight at Brazilian ports will bring the country a revenue of R$ 307.5 million by the end of 2022.

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Exclusion of the Wharfage Fee from the Import Tax Ensured Cost Reduction for Operations and Will Bring Benefits to the Final Consumer in the National Market

According to projections from consultant GO Associados, Cícero Júnior, the exclusion of the wharfage fee from the import tax will make it cheaper to carry out this type of operation and will bring benefits to the final consumer.

Cícero states: “The tax was impacting port movement costs. In theory, it will become cheaper to import. We depend on industrialized products; we import many inputs for various sectors, and this can consequently be passed on in the form of cost reductions to users. Products will tend to have a slight decrease in prices.”

Thus, the removal of the amount in the tax will also place Brazil on a different level in the international market, as the country was the only one in Mercosur to consider the wharfage fee in this value. Moreover, the country’s port sector will feel a great impact from the decision, as it is expected to boost new import businesses at Brazilian ports over the coming months.

Thus, the Ministry of Economy and the Federal Government continue to seek measures to make the country even more relevant in the international port scenario and ensure the maintenance of Brazil’s leadership in cargo trade through its ports.

Ending The Stevedoring Fee On Import Taxes For Cargo Is Expected To Raise R$ 307.5 Million For Brazilian Ports In 2022, According To The Ministry Of Economy

With the exclusion of the charges for the wharfage fee in the calculations of the import tax on freight at Brazilian ports, the Ministry of Economy is projecting a revenue of R$ 307.5 million by the end of 2022 with the take of the decision.

Ministry of Economy Projects Revenue of R$ 307.5 Million at Brazilian Ports Caused by the End of the Charges for the Wharfage Fee in the Import Tax on Freight

Exclusion of the Wharfage Fee from the Import Tax Ensured Cost Reduction for Operations and Will Bring Benefits to the Final Consumer in the National Market

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Ending The Stevedoring Fee On Import Taxes For Cargo Is Expected To Raise R$ 307.5 Million For Brazilian Ports In 2022, According To The Ministry Of Economy

With the exclusion of the charges for the wharfage fee in the calculations of the import tax on freight at Brazilian ports, the Ministry of Economy is projecting a revenue of R$ 307.5 million by the end of 2022 with the take of the decision.

Ministry of Economy Projects Revenue of R$ 307.5 Million at Brazilian Ports Caused by the End of the Charges for the Wharfage Fee in the Import Tax on Freight

Exclusion of the Wharfage Fee from the Import Tax Ensured Cost Reduction for Operations and Will Bring Benefits to the Final Consumer in the National Market

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