In Portuguese Special Fund of Development and Improvement of Monitoring Activities is named Fundo Especial de Desenvolvimento e Aperfeiçoamento das Atividades de Fiscalização and often referred to by the abbreviation Fundaf.
Fundaf is intended to provide funds to finance the modernization of equipment of the Federal Revenue Secretariat.
The tax also meets other specific costs associated with the development and improvement of monitoring activities of federal taxes and to the intensification of infractionrepression related to foreign goods and other forms of taxes or exchange evasion.
The tax must be charged on the gross sales revenue in ports and bonded airports with the rate of:
- 6% for foreign goods.
- 3% for domestic goods, including those exported and delivered by the foreign purchaser for the admission and sale in duty free shop.