Originally published in the February 12 edition of World Tax Daily (Copyrights Tax Analysts)
Brazilian President Luiz Inacio Lula da Silva has signed a decree that updates and consolidates all the customs regulations issued in the past six years.
Presidential Decree 6,759/2009, published in the official gazette on February 6, replaces the previous customs regulations created by Decree 4,543 of December 22, 2002.
The new regulations address issues such as the electronic filing of import licenses; imports for third parties; and the creation of the Program for Social Integration (P.I.S.) and Contribution for the Financing of Social Security (COFINS) regimes for imports.
The main goals of Decree 6,759/2009, which contains 820 articles, are to insert all customs rules and regulations in a single piece of legislation and to make the rules clearer and more accessible to practitioners and importers.
David Roberto R. Soares da Silva