Import tax rate will be zero until March 2025

The import tax exemption for medicines was extended by the federal government in a provisional measure published in an extra edition of the Official Gazette of the Union (DOU), on Friday night (25). The reduction to zero in the tax rate is valid for the purchase of medicines by individuals up to the limit of US$ 10 thousand or equivalent in another currency.

“The issuing of the MP is justified as a fundamental measure to guarantee the social right to health, considering that the incidence of Import Tax could make it difficult to acquire medicines considered essential to survival, in addition to contributing to a fairer and more transparent environment” , informed the press office of the Presidency of the Republic, in a note.

According to the MP, companies that carry out international shipments through the Simplified Taxation Regime (RTS) now have the obligation to provide detailed information about the goods even before the inputs arrive in the country, in addition to collecting the taxes due and meet other requirements established by the Federal Revenue Service.

“The adoption of these measures speeds up the import process, since information and payments will be made in advance, reducing bureaucracy and the costs involved”, explains the note.

The new MP replaces a previous text, from June, which lost its validity precisely this Friday. Until then, the tax rates applied varied from 20% to 60% on the price of medicines.