- Brazil’s lower house of Congress approved a bill for a 20% import tax on international online purchases under $50
- The bill still needs to be voted on by the Senate
- The tax rate was lowered from an initial proposal of 60%
- Global online retailers like Alibaba’s AliExpress and Shein are present in Brazil
- President Lula may veto the tax if approved by Congress
- Lawmakers attached the tax proposal to a bill with sustainability tax incentives for automakers
Source: saltwire.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
