Provisional Measure No. 668/2015

Keywords: Provisional Measure No.668/2015, PIS, PASEP, COFINS, import, goods

As announced by the Ministry of Treasury, Provisional Measure No.668/2015 was published in the Official Gazette, on 01/30/2015, which, among other changes, increased the PIS / PASEP and COFINS on the import of goods and services.

According to Article 1 of the Provisional Measure, effective from 1 May, 2015, the PIS and COFINS on imports, will be:

1. 2.1% (PIS-Imports) and 9.65% (COFINS-Imports) on the entry of foreign goods into the country and no longer 1.65% and 7.6%, respectively;
2. 2.76% (PIS-Imports) and 13.03% (COFINS-Imports) for pharmaceutical products and no longer 2.1% and 9.9%; respectively