Brazilians returning from overseas travel will be entitled to purchase duty free goods at airports to the value of US$1,000 from 1 January 2020, the Ministry of Economy has confirmed.
As reported, President Jair M. Bolsonaro revealed last week in a tweet that the federal government was planning to double the purchase limit from US$500 to US$1,000 while simultaneously announcing a rise in the purchase quota for Brazilians crossing the border into Paraguay from US$300 to US$500 per person.
An order issued yesterday (14 October) by Minister of Economy Paulo Guedes states an amendment will be made to the special customs regime of Brazil’s duty free shops in ports and airports.
Taxation rules apply to purchases at arrivals stores in an amount exceeding the US$1,000 (or equivalent currency) threshold.
José Luis Donagaray, Secretary General, ASUTIL previously told TRBusiness: “For us, this is very important as it helps all the business. It benefits expensive brands and small products like chocolate. When duty free allowances increase, it benefits all the suppliers and all the different products.”
More to follow…