URGENT!! New Law that ZEROES IMPORT TAXES

Summary

This video discusses a proposed bill that could eliminate import taxes on products up to $600 annually, offering a potential saving of up to R$ 3,500 for everyday consumers. The bill, introduced by Deputy Dani Cunha, aims to balance the unfair taxation between the rich and the poor, who currently face high import duties. The video explains how this bill could benefit regular consumers by reducing import costs and providing relief from cumbersome federal tax processes, especially with the current financial struggles of Brazil's postal service. Viewers are encouraged to support the bill and participate in an online poll to push for its approval.

Takeaways

• 😀 A new bill aims to eliminate import taxes on items up to $600 annually, potentially lowering costs for consumers purchasing products like PC parts, drones, and cell phones.
• 😀 The bill, proposed by Deputy Dani Cunha, could help reduce the financial burden on the Brazilian postal service (Correios), which is struggling with multimillion-dollar debt.
• 😀 Brazilian consumers currently face high import taxes, with federal taxes reaching 60% on items above $50, alongside state taxes (ICMS), making international purchases more expensive.
• 😀 Wealthy individuals can bring up to $1,000 worth of goods per month into Brazil tax-free, which totals around $12,000 annually, while regular consumers pay taxes on all imports.
• 😀 The proposed law would allow individuals to import up to $600 worth of goods per year tax-free, benefiting consumers and balancing import taxation.
• 😀 The bill seeks to address the inequality between the rich, who can travel abroad and bring back goods without taxes, and the average consumer who is taxed on all imports.
• 😀 Under the proposed law, imports up to $600 annually would be exempt from taxes, equating to roughly R$3,540, offering a significant relief compared to the current system.
• 😀 The law also aims to alleviate the financial strain on Correios by increasing imports, which would lead to higher revenue for the postal service and more deliveries.
• 😀 In addition to tax exemption, the bill addresses bureaucratic challenges, particularly delays and inefficiencies caused by the Brazilian customs (Receita Federal).
• 😀 To support the bill, viewers are encouraged to vote online in favor of the proposed law, showing popular support to influence the legislative process and make the bill a reality.

Q & A

What is the proposed new law in Brazil aiming to address?

The new law, proposed by Deputy Dani Cunha, seeks to exempt import taxes for individuals on goods imported via international e-commerce, with a limit of $600 per year (about R$3,500), in an effort to ease the financial burden on average consumers and balance the importation tax system.

How does the current import tax system affect average consumers in Brazil?

Currently, average consumers in Brazil pay high import taxes, including federal taxes (20% for products under $50 and 60% for products above $50) and state taxes (ICMS). This makes products from international sites like AliExpress, Shein, and Shopee much more expensive.

What privilege do wealthier individuals have when importing products to Brazil?

Wealthier individuals can avoid import taxes entirely if they travel abroad. They are allowed to bring up to $1,000 worth of goods per month into Brazil tax-free, totaling up to $12,000 (R$71,000) per year, which they can import without paying any taxes.

What is the main goal of the proposed project of law (PL 1440/2025)?

The main goal of PL 1440/2025 is to provide an import tax exemption for individuals purchasing goods from international e-commerce sites, up to a limit of $600 per year (approximately R$3,500), to create a more equitable system and alleviate financial pressures on average consumers.

How would the new law impact the Brazilian postal service, Correios?

The proposed law aims to benefit Correios by increasing imports, which would result in more deliveries, boosting their revenue. This is crucial because the postal service has been struggling financially due to reduced imports and increased operational costs since the implementation of stricter import tax rules.

What does the law propose regarding the importation of goods by individuals?

The law proposes that individuals will be exempt from import taxes on goods from international e-commerce up to a limit of $600 annually. This exemption would apply regardless of the number of shipments, helping to lower the cost of imported goods for the average consumer.

What is the current situation with the Brazilian postal service's debt?

The Brazilian postal service, Correios, is facing a significant multi-million dollar debt. The situation worsened with the introduction of new import taxes, which led to a reduction in the volume of imports, resulting in less revenue for the postal service.

How does the proposed law compare to the current system for travelers bringing goods into Brazil?

Under the current system, travelers can bring up to $1,000 worth of goods tax-free per month, which totals up to $12,000 annually. However, individuals purchasing through e-commerce sites do not receive the same benefit, with the proposed law aiming to offer a similar exemption for online purchases up to $600 per year.

What is the rationale behind creating a $600 exemption limit for imports?

The $600 exemption limit is intended to mitigate the disparity between wealthy individuals who can travel abroad and import goods tax-free and average consumers who pay high taxes on small purchases from international e-commerce sites. The $600 limit is seen as a reasonable threshold to level the playing field.

What action can citizens take to support the proposed law?

Citizens can support the proposed law by visiting the official website for the bill (PL 1440/2025), voting in favor of it, and making their opinions known through an online petition. By creating public pressure, they can help ensure the law is discussed and, hopefully, approved.