Importing electronics: understand how it works in practice

Importing products can raise questions for many people. Finally, the act of purchasing products in other countries follows some bureaucracyas in the case of feared taxation at customs.

These questions can be tripled when we talk specifically about importing electronics. It is common to be cautious when purchasing these, as they are often more expensive and sturdy items. Therefore, it is necessary to focus on how the process works.

And with that in mind today, we Technology World, we have prepared a complete guide on how to import electronics. Read on and find out what to do when you decide to buy a new device abroad.

What Brazilian standards must be followed when importing electronics?

Just as there are rules so that we people can enter and leave the country, this is also the case with products. And that’s no wonder, as authorities need to make sure that any artifacts arriving on Brazilian soil don’t put anyone at risk.

Therefore, having the product’s safety certificate is one of the first steps to take when purchasing the product outside of Brazil. Don’t want to have problems at customs? Therefore, choose stores and products that comply with the rules of Brazilian regulations.

Attention: There is no need to choose the cheapest considering the economic advantages. Meanwhile, this fact can result in fines and fees that make the values ​​even higher compared to those found nationally.

Also, understand the right packaging so that imports can happen without damage and big headaches. It’s always good to talk to the seller so he can explain the details of the shipment and clarify whether the transaction complies with legal requirements, including taxes and licenses.

How does the taxation of goods imported into Brazil work?

Generally, a purchase is taxable when it exceeds $50. For this reason the importance of declaring the items and being aware of the import fee – cannot exceed 60% of the purchase price.

Some of the taxes charged are: ICMS (Goods and Services Circulation Tax), Import PIS, Import COFINS, IPI (Industrial Products Tax) and SISCOMEX (Foreign Trade Information System). There are a few to watch out for, right?

So, how should the calculation be done? According to the Nuvemshop blog, the account must comply with these rates, but it may vary depending on the imported product, especially electronic products. To look:

CIF value x II = A1
A1 x IPI (if any) = A2
A2 + PIS + COFINS = A3
A3 + SISCOMEX = A4
A4 / ICMS = amount of tax payable

Don’t forget to also consider shipping, which can be air or sea depending on location. There are some cases where electronic devices cannot be transported by airplanes. For example, when the item has a lithium battery.

Do electronics imports for individuals and companies follow the same pattern?

No, there are different rules for both contexts. After all, the legal person intends to sell, while the physical person imports for his own use. This is the main point of difference between one and the other.

This is very important to keep in mind, especially if you are a retailer. Avoid bulk imports when registration is physical. In addition to fines, taking such action can harm the business and its finances, as there is a possibility of stopping reception at customs.

In the case of travel, what is the allowable import value?

If you’re returning to Brazil after spending some time away and you want to bring electronics, the scenario changes. You have up to $500 available when returning to the country after a trip, as opposed to the $50 allowed when purchasing an item online.

In general, okay? This counts the electronics brought in, as well as other artifacts such as clothing, decor, and accessories. And the detail: It is forbidden to walk around with a few similar products in the magazine with the logic of physical purchase. This fact alarms authorities as it could be seen as a resale intent.

Finally, when is the dollar converted for card shopping?

It is the card operator, not the bank, that determines the day the dollar will close. Invoice is approximate and rounded off on the closing date. There are instances when corrections can be made several months after the process is complete.

Therefore, always check what the exchange rate is to avoid surprises. Normally, values ​​don’t usually fluctuate much between delivery times – but that’s not a rule, okay?

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Contributing to this article, Dr. Hugo Eduardo Meza Pinto (Doctor Economist and Professor of Economics).