Government abandons increase in import tax for IT after wear and tear
The Brazilian government has decided not to proceed with an increase in the import tax on 15 IT and telecommunications items following political backlash.
Increase in import tax will have an immediate effect of up to R$ 20 billion on revenue, says IFI
The Brazilian government's increase in import tariffs will generate between R$ 14 billion and R$ 20 billion in revenue starting March 1.
Government Wing Reports Weariness Over Import Tax on Electronics and Machines and Advocates for Revising Measure
Members of Brazil's government acknowledge discontent regarding the increased import tax on over 1,250 electronic items and machinery, suggesting a potential reevaluation of the policy.
Starting March 1, Ecuador will raise the import tax on goods from Colombia from 30% to 50%
Ecuador announced an increase in the import tax on Colombian goods from 30% to 50%, citing security concerns along the border as the main reason for this decision.
Haddad Defends Increase in Import Tax and Says Impact on Prices is a 'Lie'
Brazil's Finance Minister Fernando Haddad claims that raising import taxes is regulatory and won't significantly affect prices, aiming to strengthen local industries against foreign competition.
Delay Tactics with Quota Tariffs Lead to Tax Claims and Restrictions on Amounts Provided
The South Korean government will impose strict penalties on importers who deliberately delay the reporting and export of goods eligible for reduced tariffs, introducing measures to enforce timely distribution.
Haddad defends tax increase on imports of over a thousand products: 'protect national production'
Brazil's Finance Minister Fernando Haddad advocates for an increase in taxes on over a thousand imported products, including smartphones, to protect domestic production.
Higher tax on imported cell phones is expected to have little impact on prices in Brazil; main brands already produce in the country
Brazil's government has raised taxes on over a thousand imported products, including cell phones, to boost local industry competitiveness, but most smartphones are already produced domestically.
Deputies approve special tax regime to attract data centers to Brazil
The Brazilian Chamber of Deputies approved a bill exempting import taxes on data center equipment to attract data center companies to the country.
What consumers think about retail and international sites?
A new survey reveals that 84% of Brazilians believe it is unfair for imported goods to be taxed at half the rate of domestic products.
Podcast: 'On Point': US Supreme Court Stops Trump's Tariffs: What's Next?
The US Supreme Court declared many of Donald Trump's imposed import tariffs illegal, stating Congress should make such decisions, impacting around $130 billion in tariffs and the financing of Trump's tax cuts for the wealthy.
Trump raises import tax from 10% to 15%
U.S. President Donald Trump announced an increase in the import tax from 10% to 15%, citing a Supreme Court ruling as a reason for this decision.
Brazil raised import tax on over a thousand products, including smartphones
The Brazilian government has increased import taxes on more than a thousand products, which includes smartphones, aiming to bolster domestic industry despite criticism from importers.
Agreement with the United States: 'Every agreement that the country negotiates must include shrimp'
Ecuador is set to sign a reciprocal trade agreement with the United States aimed at reducing or eliminating a 15% import tax, particularly benefiting the country's shrimp industry.
Every Hand Has HARLEY... After '0' Tax, Bikes Will Be So Cheap
India and the US have finalized a trade deal that significantly reduces import duties on large motorcycles, particularly benefiting American brands like Harley Davidson.
Colombia will issue a tariff decree and a complaint in the CAN, due to Ecuador's refusal to suspend the 30% import tax
The Colombian government will issue a tariff decree for 66 Ecuadorian products entering its territory and file a complaint against Ecuador in the Andean Community of Nations due to President Daniel Noboa's refusal to lift the 30% security tax on imports from Colombia.
Colombia's Foreign Ministry informs that a bilateral meeting with Ecuadorian authorities has been 'activated'
A high-level delegation from Colombia meets with Ecuadorian officials to discuss solutions to a commercial crisis arising from a 30% security tax on imports from Colombia imposed by President Daniel Noboa.
30% Tax on Imports from Colombia Only Paid Online at SRI
From February 1, 2026, goods imported from Colombia will incur a 30% customs control fee to be paid exclusively online through the Internal Revenue Service of Ecuador (SRI).
Tax Rate of T-shirts: Federal Revenue Raises Record R$ 5 Billion in 2025, Even with Decline in International Orders
The Brazilian government collected a record R$ 5 billion in import taxes in 2025, despite a decrease in international orders, according to the Federal Revenue Secretariat.
Daily Goods Manufacturer Executive Arrested for Tax Evasion of 120 Million Yen
Tokyo District Public Prosecutors Office arrested executive Lee Kyung-hyun on charges of hiding approximately 471 million yen in income and evading about 128 million yen in corporate taxes through fictitious import transactions.
Car manufacturers' CEOs send letter to Lula against benefits favoring BYD
CEOs of four major car manufacturers in Brazil have sent a letter to President Luiz Inácio Lula da Silva, opposing the extension of tax benefits that had previously eliminated import taxes on disassembled electric vehicle kits, which primarily benefited the Chinese company BYD.
Chinese electric car assembled in Brazil is taxed again; rate is expected to reach 35% by 2027
Brazil's temporary import tax exemption for disassembled electric vehicles has ended, leading to a projected tax increase to 35% by January 2027.
India-US trade deal delights businesses, which sectors will benefit, find out
A significant trade agreement between India and the US has been announced, with President Trump reducing import tariffs from 25% to 18% and eliminating a 25% tax on oil trade from Russia, positively impacting multiple sectors in both countries.
Alleged Illegal Import: German Must Pay 4500 Euros for Driving His Swiss Girlfriend’s Car
A 49-year-old man faces a hefty bill after customs officers at Munich Airport deemed his driving of his Swiss girlfriend's car as illegal importation, leading to a tax penalty of approximately 4500 euros.