Brasília – The maximum value of goods inbound travellers will be allowed to enter the country with by land, river or lake without paying import taxes will be reduced as of July 1st, 2015, from US$ 300 to US$ 150. The new regulation has been published this Tuesday (23rd) on Brazil’s Federal Official Gazette, via a normative instruction. The changes were announced in July and were scheduled to enter into force in that month. However, the Federal Revenue of Brazil decided to change the date to July 2015 so that free shops in border towns could have more time to adapt.
*Translated by Gabriel Pomerancblum
