What is the range of taxes paid on original art being imported to Brazil from the United States?
What is the range of taxes paid on original art being imported to Brazil from the United States?
I've been told that it ranges to 50%. Is this accurate? What are the ways in which people avoid the taxes?
thanks very much, c
posted
Charmaine
Picard
1 Answer
According to cultural organization SESCSP original artwork that are imported to Brazil is subject to:
- 7% import duty
- 7% other taxes
- 18% ICMS (São Paulo)
As ICMS are calculated over the cost price including all other taxes, the approximate tax burden will be in the range of 30 - 50%.
This is the import rules to Brazil and there are no legal way of avoid these taxes.
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