Government Wants To Tax International Purchases Below $50 From Shein, Shopee, And Aliexpress; Cheap International Purchases May Be Numbered

Written by Valdemar Medeiros

Published on 07/11/2023 at 19:08

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Government Proposes Changes to Tax Exemption for International Purchases Up to US$ 50, Indicating a Possible Return of Stricter Taxation on Foreign Purchases Originating from Shein, Shopee, and AliExpress.

After much debate, the federal government opted to exempt from taxation purchases below US$ 50 made by Brazilian consumers on e-commerce sites from other countries such as Shein, Shopee, and AliExpress. However, taxation on international purchases may return by the end of the year, and in an even stricter manner.

Government Plans to Tax Purchases Below US$ 50

According to data from the Estado de S. Paulo newspaper, representatives from the textile industry had a meeting with the Minister of Finance, Fernando Haddad, and government representatives last Wednesday (1). Apparently, the economic team intends to reinstate taxation on purchases below US$ 50 by the end of the year.

Currently, companies properly enrolled in the Remessa Conforme program enjoy exemption from import tax on purchases up to US$ 50, with a standard ICMS charge of 17% on all purchases. The Ministry of Finance does not confirm this information. However, this is not the first time there has been talk of reversing tax exemptions.

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Government May Increase Exemption Amount to US$ 100

Durigan asserts that the government plans to maintain the tax exemption for international purchases up to US$ 50 until the economic team can assess whether the measure creates unfair competition.

It is important to note that, with the Remessa Conforme program, the Ministry of Finance and the Federal Revenue Service can already measure the volume of imports, sales distribution, and prices charged. While the industry and retail want to eliminate the exemption, a bill proposing to raise the exemption limit for imports to up to US$ 100 is being debated in the Chamber of Deputies.

According to deputy Luiz Philippe de Orleans e Bragança, the author of the text, the current tax threshold on international purchases above US$ 50 is outdated. This minimum is one of the lowest and most outdated in the world. This amount was set by decree in 1980 and, adjusted for inflation, would be around US$ 185 this year.

Bragança argues that reducing the import tax on international purchases will boost the economic activity of the Post Office and express shipping companies in Brazil. The loss of revenue, according to him, could be compensated with amendments to the Annual Budget Law and by re-estimating the revenue in the Budget Guidelines Law.

28% Rate to Tax International Purchases

The Federal Revenue Service considered a rate of 28% to tax online international purchases up to US$ 50 to simulate revenue with the Remessa Conforme program in the Annual Budget Law (PLOA), submitted to the National Congress at the end of August.

The analysis was presented by the Undersecretariat for Customs Administration (Suana) on August 29, two days before the budget document was delivered to the legislature. Currently, purchases at foreign retailers up to US$ 50 may remain exempt from federal import taxes if the company joins the Remessa Conforme program.

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Government Wants To Tax International Purchases Below $50 From Shein, Shopee, And Aliexpress; Cheap International Purchases May Be Numbered

Government Proposes Changes to Tax Exemption for International Purchases Up to US$ 50, Indicating a Possible Return of Stricter Taxation on Foreign Purchases Originating from Shein, Shopee, and AliExpress.

Government Plans to Tax Purchases Below US$ 50

Government May Increase Exemption Amount to US$ 100

28% Rate to Tax International Purchases

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Government Wants To Tax International Purchases Below $50 From Shein, Shopee, And Aliexpress; Cheap International Purchases May Be Numbered

Government Proposes Changes to Tax Exemption for International Purchases Up to US$ 50, Indicating a Possible Return of Stricter Taxation on Foreign Purchases Originating from Shein, Shopee, and AliExpress.

Government Plans to Tax Purchases Below US$ 50

Government May Increase Exemption Amount to US$ 100

28% Rate to Tax International Purchases

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In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

For the first time, scientists have mapped the Etna magma system in almost real time and discovered where the volcano was storing large volumes of molten material before years of eruptions, revealing an underground reservoir that fills and reorganizes like a living organism beneath the mountain.

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