How to Export to Brazil - Sprint Lazio

Brazil – Ministry of External Relations
The calculation of these contributions is of a certain complexity, due to the fact that
one contribution comprises the basis for the calculation of the other and both are
recursively calculated. It is further complicated by the inclusion of the ICMS in their
basis, as this tax, as seen before (section II.6.6), is, similarly, recursively calculated.
Although these calculations are made automatically by Siscomex, in order to provide
an estimate of the value of these contributions, as well as of all the other taxes collected
at the time of import, the Federal Revenue and Customs Administration (SRF) is
creating a new page to be included on its website (http://www.receita.fazenda.gov.br),
in which it will be possible to simulate all the calculations, based on the NCM
classification and the customs value of the merchandise. It is also possible to make
the calculations of these social contributions based on the formulas appearing in the
SRF Normative Instruction no. 572/05.
III.6.5. CIDE-Fuels
The Contribution due to Intervention in the Economic Domain (CIDE) is a federal tax
of a regulatory nature, with a view to adjusting fuel prices. CIDE-Fuels is levied on the
sale of oil products, whether imported or not.
CIDE-Fuels also follows the principle of non-cumulativity. Thus, the value paid at the
time of import is credited by the importer for subsequent compensation of the tax
due in operations that they may perform and that are subject to that same tax.
The calculation basis for Cide-Fuels is the amount of the product sold expressed in
the measurement units appearing in Attachments I and II of SRF Normative Instruction
(NI) no. 422/04. This contribution is calculated by applying the rates set by article 10
of this same NI over the calculation basis. Thus, the contribution due follows this
formula:
CIDE-Fuels = CIDE Rate x Product Quantity
III.6.6. Tax on the Distribution of Goods and Services – ICMS
The Tax on the Distribution of Goods and Services (ICMS) is an indirect state tax that
is levied on the circulation of products in the internal market and on the interstate and
intercity transportation services as well as on communication services. This tax is also
levied on imported goods in general, so as to promote isonomic tax treatment between
imported and national products.
The ICMS is also a non-cumulative tax, that is the value paid at the time of import is
credited by the importer for subsequent compensation of the tax due in operations
that they may perform and that are subject to that same tax. It also follows the principle
of selectivity as the tax burden is different in consequence of how essential the product
is. This leads to varying rates, which may range from zero for essential products to
25% in some cases.
How to export to Brazil 63