Provisional Measure (MP) 1271/2024 was introduced by the federal government to maintain the exemption from Import Tax (II) for imported medications purchased by individuals via digital platforms, websites, and other online means. This measure is in effect until March 31, 2025. The exemption applies to purchases up to $10,000 (about R$57,000), provided the medications are for personal use.
Background and Purpose of MP 1271/24
Published in a special edition of the Official Gazette on October 25, MP 1271/24 replaces the previous Provisional Measure 1236/24, which recently expired. This new measure is intended to prevent the interruption of this tax relief, considered vital by the government to make essential imported medications more accessible to the public. Without this exemption, the cost of such medications could rise significantly, potentially making it difficult or impossible for people to obtain necessary medical treatments.
Impact and Simplified Tax Process
Alongside the Import Tax exemption, MP 1271/24 also requires international shipping companies using the simplified tax regime to submit detailed information about imported items before they enter Brazil. This approach allows for taxes to be paid in advance, speeding up the import process by reducing bureaucracy and associated costs for all parties.
Process and Duration
Provisional Measure 1271/24 took effect immediately but will need approval from the National Congress to become permanent. It will first be reviewed by a joint committee of deputies and senators, then proceed to votes in the full House of Representatives and the Federal Senate.