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BrasilTaxes: Difference between revisions
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= Taxes in Brasil = | = Taxes in Brasil = | ||
Work In Progress | |||
See this page for the listing of all the taxes which exist in Brasil: www dot senado dot gov dot br/noticias/jornal/cidadania/impostos/not03.htm | See this page for the listing of all the taxes which exist in Brasil: www dot senado dot gov dot br/noticias/jornal/cidadania/impostos/not03.htm | ||
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* Municipal taxes | * Municipal taxes | ||
ISS - Tax on services | ISS - Tax on services | ||
== How it works == | |||
=== Products === | |||
Usually a product is classified according to the NCM number, which is a Common number used for tax rates and based of the Harmony System with the first four digits. NCM means Common Nomenclature of MERCOSUL. This number defines the rate of taxes used on a certain product, it defines if it has Import Duties and | |||
values for other taxes. You can find the NCM number on the following site: | |||
www4 receita fazenda gob br /simulador | |||
Accessing this site you put in the NCM number the number of yuor product and you will get in return the values of each tax applied to that product. | |||
Example: 8431.49.29 - Spare parts for heavy construction machines. | |||
II = 0 % | |||
IPI = 5 % | |||
PIS = 2,10 % | |||
COFINS = 15,37 % | |||
The calculation will be based on a USD.100,00 value. The base of all the imported products is the value of the product + the freight cost up to the Brasilian port. We will suppose that the above mentioned value have already the freight included and it is CIF destination port. | |||
USD / BRL ratio as of writing is 1 USD = 3,8336 BRL which gives us the following values: | |||
USD 100 = BRL 383,36 as base. | |||
II = 0 % = 0,00 BRL | |||
IPI = 5 % = 19,17 BRL | |||
PIS = 2,10 % = 8,05 BRL | |||
COFINS = 15,37 % = 58,92 BRL | |||
It gives us a total of federal taxes of BRL 86,14 , which have to be summed to the BRL 383,36. | |||
State taxes are applied over the base value with the federal taxes. This results in a BRL 469,50 as base, on which | |||
we have to apply the 17% of ICMS tax for the Bahia state. | |||
BRL 469,50 x 17% = BRL 79,815 | |||
This gives us a total of BRL 549,315 as a total of the product. | |||
=== Services === | |||