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Brazil Extends Provisional Measure Providing Extension of Special Drawback Regime for Exporters

|Approved Changes|Brazil
Brazil

Brazil has published Act 73 of 1 July 2020 in the Official Gazette, which extends the period of validity into law Provisional Measure No. 960 of 30 April 2020 by an additional 60 days. The Measure extended the suspension of taxes under the special drawback regime for exporters by one year. This includes a suspension of taxes normally levied on the import or purchase of goods locally, including import tax, excise tax (IPI,) and social contributions (PIS/COFINS), provided that the goods are u…

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