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

Taxation of International Purchases: What Changes in the Gamer's and Consumer's Pockets?

Hey there, electronics and gamers! Check out the breaking news: the Ministry of Finance has released a statement about taxing international purchases up to $50. Want to find out what's going on?

The Conforming Shipment Program: Streamlining Customs

First, let me explain what the Remessa Conforme Program is. It's a kind of customs expeditor for e-commerce companies. Basically, companies participating in this scheme are required to charge taxes at the time of purchase, rather than waiting for the product to arrive in Brazil. The goal is to facilitate tax collection on imported products and expedite customs clearance. But remember, joining this program is optional for companies.

The $50 Era: An Exemption That's Over

Until August 2023, online shoppers abroad could enjoy tax-free purchases of up to $50. It was just a joy, right? This exemption was a huge draw for consumers looking for cheaper products on international platforms.

The Twist: New Taxation Rules

Then the government decided to change the game. On August 10, 2023 , the National Council for Tax Policy (CONFAZ) made a decision that took many by surprise. Online purchases from companies to end consumers, like you, will now be taxed at 17% ICMS . The final rate for consumers will then increase to 34% (taking into account other federal taxes that already existed and were not changed by the specific ICMS measure).

Individual to Individual: The Exception to the Rule

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

Change in Attempt to Increase Revenue

This fiscal shift was intended to provide a helping hand to the government's pockets, raising some extra cash—about R$150 billion . This is because the government was anticipating a significant loss of money, some R$37 billion, if it maintained the exemption on purchases of up to $50. The measure seeks to balance the trade balance and protect national industry.

Summing It All Up: The New Scenario

Now the rule is clear: only goods shipped from individuals to individuals are exempt from tax. Business-to-consumer purchases, regardless of 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 tax from the first dollar.

Conclusion: Stay Tuned 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 crucial to be informed to avoid unpleasant surprises upon delivery. To stay up-to-date on the latest news and financial tips, don't forget to follow Remessa Online on social media. Follow us on Facebook, LinkedIn, and Instagram!

Let us know what you think of this change in the comments below and see you next time!