Brazil: Updates in foreign trade
Changes in the import licensing process
Changes in the import licensing process
The KPMG member firm in Brazil prepared a November 2023 report (Portuguese) covering updates in the field of foreign trade.
In particular, the report covers the following developments:
- Methodology for calculating the percentage of equalization of interest rates within the scope of the financing program for exports (Proex)
- Minimum information that must be provided to comply with Gecex Resolution No. 512 of 2023, concerning the determination of equivalent national production capacity in ex-tariff claims
- Changes in the import licensing process
- Proposals to modify the common external tariff (TEC) and common mercosur nomenclature (NCM)
- Requirements and documents necessary to obtain authorization to carry out activity of commercial fuel exporting company
- Licenses, permissions, certificates and other documents (LPCO) and integrated foreign trade system (SISCOMEX) news
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.