Payment of the Import Tax on baggage in Brazil IBSolutions
Payment of the Import Tax on baggage in Brazil

In cases where the import tax on baggage becomes due, it can only be paid in banks agencies, in Brazilian Reais and by using the proper form.

It is recommended that interested party goes to the Federal Revenue of Brazil (Customs Service) before the travel date to abroad in order to obtain the payment form containing the correct values and be able to go to a bank agency during the opening hours in order to pay the amount due.

To calculate the tax due, first take the value of the goods subject to taxation, expressed in US dollars, and subtract from it the exemption quota to which the traveler is entitled to (five hundred US dollars by air or sea mode of transport, and three hundred US dollars by land, river or lake ).

Then, over the result of this subtraction, if positive, duly converted into Brazilian Reais (R$) at the current exchange rate, the percentage of 50% should be applied in order to obtain the value of the import tax due.

Value of taxable goods: US$ 1,300.00

Exemption quota (by air): ………………………….US$ 500.00

Taxable balance…………………………………….US$ 800.00

Balance converted into Brazilian Reais (*)….R$ 2.400.00

Tax (50% rate )……………………………………..R$ 1.200.00

(*) Hypothetical exchange rate R$/US$ = 3.00

 

Source: Federal Revenue of Brazil (RFB)

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