New Rules for International Purchases Up to $50: What You Need to Know

Taxation of International Purchases: What Changes in the Wallet of the Gamer and the Consumer?

Hey there, electronics and gaming enthusiasts! Check out this breaking news: the Ministry of Finance has released a statement regarding the taxation of international purchases up to $50. Let's understand what's going on!

The Compliant Remittance Program: Streamlining Customs

First, let me explain what the "Remessa Conforme" Program is. It's a kind of customs expediter for e-commerce companies. Basically, companies participating in this scheme are required to collect taxes at the time of purchase, instead of waiting for the product to arrive in Brazil. The goal is to facilitate the collection of taxes on imported products and expedite the release of orders through customs. But look, joining this program is optional for companies.

The $50 Era: An Exemption That's Over

Until August 2023, people who shopped online abroad could rest easy knowing that purchases up to $50 were tax-free . It was pure joy, right? This exemption was a major draw for consumers looking for cheaper products on international platforms.

The Turnaround: New Taxation Rules

Then the government decided to change the game. On August 10, 2023 , the National Council of Finance Policy (Confaz) made a decision that caught many people by surprise. Online purchases from businesses to end consumers, like you, will now be taxed at 17% ICMS (a state sales tax ). And then, the final rate for consumers will be 34% (considering other federal taxes that already existed and were not altered by the specific ICMS measure).

Individual to Individual: The Exception to the Rule

The good news is that purchases between individuals remain tax-free, like that cool game you bought from another player in the United States, for example. This exemption aims to protect smaller volume transactions of a non-commercial nature.

Change in an Attempt to Increase Revenue

This turnaround in the fiscal scenario came with the intention of giving the government a helping hand in its coffers, raising some extra cash – around 150 billion reais . This is because the government was anticipating a huge loss of money, around 37 billion reais, if it maintained the exemption on purchases up to 50 dollars. The measure seeks to balance the trade balance and protect national industry.

In summary: The New Scenario

Now the rule is clear: only purchases from one individual to another are exempt from tax. Purchases from businesses to consumers, regardless of the value, will be subject to tax. This means that products from platforms like AliExpress, Shein, and others, when shipped by companies, will be subject to taxation from the first dollar.

Conclusion: Stay alert to avoid surprises!

And that's it, gamers and electronics lovers! Stay tuned for the new rules and don't forget to consider additional taxes when making your international purchases. It's essential to be informed to avoid unpleasant surprises at the time of delivery. To stay up-to-date on news and financial tips, don't forget to follow Remessa Online on social media. We're on Facebook, LinkedIn, and Instagram!

Comment below what you thought of this change and see you in the next play!