Rondônia offers Brazilian companies that import products from Asian markets a presumed credit of up to 85% of ICMS due on interstate sales of imported goods. The mechanism was instituted by State Law 1,473/2005 and works as an alternative to reduce the tax burden on import operations.
The benefit operates through a special import regime, in which part of the tax assessed on the sale of goods to other states is deducted as a presumed credit. To access the benefit, the company must be formally established in Rondônia and meet the requirements for generating employment and income set forth in state legislation.
Rodrigo Lopes, CEO of Global RPX Trading, a company specializing in import advisory services focused on Asian foreign trade, assesses that the impact can be significant in higher-volume operations. According to him, when the mechanism is applied to import operations with significant volume, the difference can represent a substantial change in operational costs.
