Brazil Lowers Duties on Additional Products
22 June 2018
Brazilian authorities have announced the addition of 244 items to a list of foreign capital goods and information technology and telecommunications goods that benefit from duty-free treatment under the Ex-Tarifario regime, down from 14 or 16 percent. Of this total, 229 items are capital goods (209 are new and 20 are renewals) and the remaining 15 are IT and telecom goods (14 are new and one is a renewal).
The capital goods covered by this action are classified in HS chapters 73, 84, 85, 89 and 90, while subject IT and telecom goods are classified in HS chapters 84, 85 and 90. Many of these goods could potentially be imported from mainland China and/or Hong, including, among others, automatic portable machines, printed circuit boards, intelligent electrical switches, vacuum dryers, coffee roasters and labelling machines. Subject merchandise will benefit from duty-free treatment through 31 December 2019, with the exception of one item that will benefit from such treatment through 31 December 2018.
In a separate action, Brazil has provided duty-free treatment (down from a 20 percent duty) to certain equipment for amusement parks classified under NCM 9508.90.90. This action forms part of on-going efforts by the Brazilian government to promote the development of the amusement park sector in Brazil.
- Central & South America