II (Import tax; Imposto de importação)
The Import Tax (II) is a federal tax and has protection purposes. The Import Tax rate varies according to the country of origin of the goods and to the classification of the product (according to the custom tariff used). Brazil use a system called “Mercosur Common Nomenclature” (NCM) to classify import duty and taxation on products imported to the country.
The formula to calculate the II is:
II = II rate (%) x Customs Value (Valor Aduaneiro )
Valor Aduaneiro = goods value + international freight + insurance value
You want to import castor oil from The Netherlands, Rotterdam to Brazil, Sao paulo. TotalF.O.B. Rotterdam value of US$100.000. Castor oil is classified as the NCM 15.15.3000.
1US$=R$1.83
FOB Rotterdam in US$ 100.000
FOB Rotterdam in R$ 183.000
Freight in R$ 7.000
Insurance (0,575%) R$ 1.092
Handling costs R$ 7.900
CIF Sao Paulo R$ 191.092
The following taxes will be charged:
| Código NCM | 1515.30.00 | |||
| Descrição NCM | ÓLEO D/RÍCINO,SUAS FRAÇÕES,Ñ QUIM.MODIFICADO | |||
| Taxa de Câmbio do Dia 11/10/2011 | R$ 1,0000 | |||
| Valor Aduaneiro Convertido | R$191.092,00 | |||
| Alíquota II (%) | Tributo II | R$ 57.327,60 | ||
| Alíquota IPI (%) | Tributo IPI | R$ 0,00 | ||
| Alíquota PIS (%) | Tributo PIS | R$ 4.465,88 | ||
| Alíquota COFINS (%) | Tributo COFINS | R$ 20.570,09 | ||
| As alíquotas podem ser preenchidas manualmente e os tributos recalculado | ||||
Calculate the taxes for your imports.
