What is the duty rate for illuminated signs, category 9405.60.00?

I have been asked to manufacture 4 LED commercial advertising signs in China for a business in Brazil. We need to know the duty rate in order to import these 4 illuminated signs into Brazil. Can you please advise the duty rate for that category that we feel is 9405.60.00?

Thank you.

Gary R. Weiss w4sons@yahoo.com

posted 1 decade ago by
Gary Weiss

Gary
Weiss

1 Answer

Dear Gary,

The import duties and NOMINAL taxes payable when importing these goods into Brazil are:

  • Import Duty: 18%
  • IPI: 15%
  • Pis: 1,65%
  • Cofins: 7,60
  • ICMS-SP (IVA/VAT): 18%

The import duty is applicable over import goods only while all other taxes are the same to products made in Brazil too. However, there is a 'equation' for calculation of the above duties/taxes and the result applicable over the CIF value are the following:

  • Import Duty: 18%
  • IPI: 17,70%
  • Pis: 2,36%
  • Cofins: 10,87%
  • ICMS-SP (IVA/VAT): 32,69%

Then the total amount of the duties/taxes paid 'at sight' for clearance of the goods for these produtcs is: 81,62%

For this example, the ICMS of 18% is for the State of São Paulo. Others States such as Rio de Janeiro, Parana, Santa Catarina, etc will have diferents percentages.

Hope this information can help!

posted 1 decade ago by
Anderson Neves

Anderson
Neves


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