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Trade and Industry Department The Government of the Hong Kong Special Administrative Region
Brand Hong Kong - Asia world city
MY COLOUR

Commercial Information Circulars

24-hour hotline : 23 922 922

e-mail address : enquiry@tid.gov.hk

Ref : EIC 413/2

19 March 2015

Dear Sirs,

Commercial Information Circular No. 209/2015

Brazil : Increase of Tax Rates on Imported Products for Social Integration Programme (PIS/PASEP) and Social Security Contribution (COFINS)

The Brazilian government issued Provisional Measure No. 668/2015 on 30 January 2015 to amend Law 10865 of 30 April 2004 to increase tax rates on imported goods for the social integration programme (PIS/PASEP) and the social security contribution (COFINS). The new tax rates can be found in Article 1 of the Provisional Measure, and will enter into force on 1 May 2015.

2.For details, traders are advised to consult their importers in Brazil and/or the above Brazilian Provisional Measure (in Portuguese) at: http://www.planalto.gov.br/ccivil_03/_Ato2015-2018/2015/Mpv/mpv668.htm.

ENQUIRIES

3.For enquiries about the content of this circular, please contact Mr Lewis LAU at telephone number 2398 5405.

Yours faithfully,

(Ms Cindy CHENG)
for Director-General of Trade and Industry

Note: While every effort is made to ensure the accuracy of the above information, the Department cannot guarantee this to be so and will not be held liable for any reliance placed on the same.