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Brazil Cancels Federal Tax on Imports Under $50, Effective Immediately

2026-05-13 06:03:27

According to Xinhua News Agency, Brazilian President Luiz Inácio Lula da Silva signed an executive order on May 12 to eliminate federal taxes on imported goods priced at $50 or below. The government stated the measure aims to reduce cross-border e-commerce product prices and benefit Brazil's low-income consumers.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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