TO OFFER COMPREHENSIVE FREIGHT AND CUSTOMS CLEARANCE SERVICES FOR EUROPEAN AND BRAZILIAN BUSINESSES
The Brazil Tax on Goods Imported by Sea, in Portuguese: Adicional ao Frete para Renovação da Marinha Mercante, abbreviated (AFRMM) is a social contribution, charged by the shipowner of any vessel operating in a Brazilian Port and it’s administered by Federal Revenue Services in Brazil. It was created to attend the costs of the intervention of the Union. And to support the merchant navy and Brazilian shipbuilding and repair industry. It is a part of the basic source of the Merchant Marine Fund.
Most of all, the tax event of this duty is the beginning of the discharging of the products in the Brazilian Port, that may be in long course navigation (coming from abroad) or navigation between Brazilian ports, in cabotage, river or lake navigation.
The basis of calculation of the Brazil Tax on Goods Imported by Sea is the freight value of the goods, plus to possible port taxes and other expenses, informed in the bill of lading. When international freight is charged in foreign currency, the amount of money is converted to Brazilian Real on the day of the payment of the tax, based on the exchange information of the Central Bank of Brazil Information System and the payment is done in the Merchant System.
Considering the importation of a car with value of R$ 20.000,00, with an international freight of R$ 5.000,00, the calculation of the Brazil Tax on Goods Imported by Sea should be:
Therefore, we can see the operation and purpose of the AFRMM collection. The complete Brazilian Federal Revenue manual is available in Portuguese at this link.
For the information about the services offered by Shipping Brazil please visit the homepage of this website.
The Brazilian Import Duty, Imposto de Importação in Portuguese, is a federal duty. It levies on imported goods…Read More
The Brazil Tax on Goods Imported by Sea, in Portuguese: Adicional ao Frete para Renovação da…Read More
First of all, the Brazilian Tax on Circulation of Goods and Transportation and Communication Service…Read More