Brazil offers tax advantages via e-commerce compliance program

Shopping trolley is seen in front of AliExpress logo in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration

BRASILIA (Reuters) - Brazil's Finance Ministry announced on Friday an exemption from federal taxes on e-commerce purchases up to $50 for companies participating in a new compliance program by the tax revenue service.

The program comes amid the country's attempts to close a loophole that some Asian e-commerce giants were seen as using to gain tax exemptions by sending shipments as if they were individuals and not businesses.