Brazil Senate passes bill to increase import taxes
Taxes on a range of imported products would be increased in hopes of boosting revenues by $337 million next year
By Ben Tavener
SAO PAULO – The Senate here passed a bill Thursday that, if made law, will increase taxes on a range of imported products.
Everything from beer to perfumes will require higher taxes, ostensibly both to boost revenues and protect the domestic market.
Two import taxes are affected, which together would increase tax contributions from 9.25 percent to 11.75 percent on most products — and up to 20 percent in some cases.
Source: Brazil Senate passes bill to increase import taxes
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Richard Meijer
What I am doing: Besides running a privately hold real estate business I am blogging om MasterclassBrazil.com. MasterClass Brazil was set up to provide a one-stop source of deep-knowledge for the growing foreign business community in Brazil.
Why: Having been in Brazil for around 20 years, I have seen many big companies, expats and individuals failing miserably. I have burned myself once in Brazil, setting up ProgressOil, a company focused on the supply of Brazilian castor oil. I am now running a privately hold real estate business in Brazil.
From all these experiences I have learned a lot. Despite the fact that I speak the language reasonable well, have a strong network and understand the do's and don'ts better, I am absolutely not saying I am an expert or specialist. Everyday I am learning new things and I believe Brazil is changing in such a rapid pace that the only way to survive in Brazil is to generously absorb and understand the information available to you.
From my experience I have learned that there is a lot of information, facts and data about Brazil. I have set up MasterClassBrazil to structure this information so you can turn it in true knowledge, enabling you to be successful in your endeavors.
There is nothing in the world so rewarding as sharing expertise and knowledge.
Richard Meijer
