Brazil Import Duty Rates

Brazil applies Import Tax (Imposto de Importação, II) on the CIF value. Multiple additional taxes stack on top: IPI (excise, 0–55%), PIS/COFINS (~9.25%), and ICMS (state VAT, typically 12–18%). The total effective rate can be 2–3× the nominal II rate. Brazil applies the MERCOSUR Common External Tariff (TEC), with derogations. Imports via Manaus Free Zone have special rates. There is no broad FTA with the US, EU (MERCOSUR–EU deal signed but not yet in force), UK, or China.