Internal Revenue Service increased from 500$ to 1000$

The Internal Revenue Service increased from US$ 500 to US$ 1,000 the value limit for goods brought from abroad by air or sea to be tax exempt, as it also raises quotas for other types of purchases made outside the country.

The decision has been in effect since January 1. According to the Tax Authorities, the baggage exemption quota for travelers arriving in Brazil by air or sea has not changed for over 26 years.

The ordinance that made the measure possible, published on Friday, also raises the value limits for goods purchased in duty free stores by passengers entering the country by land, river or lake. This exemption quota has been increased from US$300 to US$500.

According to the Ministry of Economy, the change was made to readjust exemption values ​​at land borders after the change, made in 2020, which increased the limit on duty free shops for airline passengers from US$500 to US$1,000.

“The changes made seek to readjust the values ​​hitherto in force, minimizing the inflationary effect that occurred around the world in recent decades and generating direct and immediate benefits for travelers”, informed the ministry.

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