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Updates on Tax on Industrialized Products (IPI) and State Sales Tax (ICMS) in Brazil

  • Consultation Solution No. 216 clarified the IPI exemption for vehicles from countries with equal tax treatment
  • RFB Executive Declaratory Act No. 3 introduced changes to the tax incidence table for IPI
  • Consultation Solution No. 242 clarified that packaging that enhances products is considered industrialization for IPI purposes
  • The Superior Court of Justice ruled that ICMS credits can be claimed for intermediate products used in the production process.

Source: kpmg.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.

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