Brazil's government backtracks ending tax exemption for international orders

Kitco Media
By Reuters
Published:
Updated:
Reuters
BRASILIA, April 18 (Reuters) - Brazil's Finance Minister Fernando Haddad said on Tuesday that President Luiz Inacio Lula da Silva had asked him not to proceed with ending the tax exemption for international orders from individuals, a measure previously announced as part of an effort to tax purchases from global retail giants. Speaking to reporters, Haddad said Lula has directed the matter to be resolved through administrative means and heightened oversight. The government had previously announced its intention to abolish the tax exemption on individual-to-individual shipments of up to $50, which it said was being exploited by foreign companies for fraudulent sales. (Reporting by Victor Borges)

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