1. Home
  2. / Economy
  3. / NUMBERS REVEAL A DRASTIC DROP IN SALES, TAXES ON IMPORTS WILL INCREASE IN 2025!
reading time 3 min read Comments 0 comments

NUMBERS REVEAL A DRASTIC DROP IN SALES, TAXES ON IMPORTS WILL INCREASE IN 2025!

Written by Paulo Nogueira
Published 02/12/2024 às 20:24
fees, taxes, contributions;
Youtube image: ©️ Josué Aragão

In Brazil, it is common for people to look for ways to reduce their payment of taxes in international purchases. However, the government has worked to minimize this practice. As a result, international purchases in the country have decreased considerably in recent times.

In addition, the government has also reinforced oversight of rates e tributes paid by companies that make international purchases. This has led to a significant reduction in the number of purchases made outside the country. Contributions are also an important factor in this scenario, as companies need to be up to date with them to avoid legal problems.

Understand how abusive taxes affect your international purchases

Remember when shopping on foreign websites like Shein, Shopee, and Aliexpress was a great option due to their affordable prices? However, these products are no longer so cheap, and this is not due to an increase in the price of the products, but rather due to the implementation of abusive taxes and fees by the government on these purchases. This means that now, you and I will have to pay the price of these abusive taxes when we buy products from these websites.

This situation is a result of Remittance program As per, created by Pro Development Institute Brazilian Retail Sales Tax (IDV) in partnership with the government. This program imposes a 92% tax rate on purchases over R$50 and a 44% tax rate on purchases under R$50, completely discouraging international purchases in the country. In addition, there are plans to increase these taxes even further, taking advantage of the distraction caused by the end-of-year festivities.

It is important to understand how these measures impact Brazilian retail and how they affect the population. While some people benefit from these measures, many Brazilians are being penalized with abusive taxes. To better understand this situation, it is essential to analyze how the government spends the money collected and how this affects the country's economy.

The government's tax collection machine and its effects

Lula’s government has been criticized for its way of spending money without considering the long-term consequences. With a gross debt of R$9 trillion, the government needs to find ways to balance the books, and this often means raising taxes. However, this approach penalizes the poorest, who are already overburdened by taxes and fees.

The Remittance According program is an example of this, as it is an easy way for the government to raise money, but it ends up making international purchases unfeasible for Brazilians. With taxes of 92% on purchases over R$50 and 44% on purchases under R$50, products that were previously affordable have now become prohibitive.

To better understand this situation, it is essential to analyze how the government spends the money it collects and how this affects the country's economy. In addition, it is important to consider the long-term consequences of these measures and how they affect the population.

Long-term consequences

The long-term consequences of these measures are worrying. With abusive taxes and high fees, international purchases become unviable, which can negatively affect the country's economy. In addition, the government's approach to raising taxes can lead to an economic recession and a decrease in the country's competitiveness.

It is important that Brazilians are aware of these measures and their long-term consequences. Furthermore, it is essential that the government is responsible in its actions and considers the consequences of its decisions. Only in this way is it possible to create a healthy economic environment and fiscal justice for all.

Source: ©️ Joshua Aragon

Be the first to react!
React to article
Register
Notify
guest
0 Comments
Older
Last Most voted
Feedbacks
View all comments
Paulo Nogueira

An electrical engineer graduated from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), I worked for several years in the areas of offshore oil and gas, energy and construction. Today, with over 8 publications in magazines and online blogs about the energy sector, my focus is to provide real-time information on the Brazilian employment market, macro and micro economics and entrepreneurship. For questions, suggestions and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes for this purpose.

Share across apps
0
We would love your opinion on this subject, comment!x