President Luiz Inácio Lula da Silva sanctioned a law that ends the collection of tax on international purchases of up to 50 dollars. The measure represents a significant change in the taxation of purchases made on foreign websites by Brazilian consumers.
The Law was approved by the National Congress before reaching presidential sanction. The text modifies the previous rules that imposed taxation on these low-value international acquisitions.
The National Industry Confederation (CNI), the entity that represents the Brazilian industrial sector, expressed itself against the measure. According to the entity, the text represents a setback in the country's tax policy.
According to CNI, the elimination of the tax on international purchases of up to 50 dollars expands the inequality between national and foreign companies. The entity argues that the tax benefit granted to international sellers harms the competitiveness of Brazilian industry.
