Markets
Brazil Congress Eliminates Import Tax on $50 E-commerce Orders, Awaits Lula Sanction
Brazil Congress Eliminates Import Tax on $50 E-commerce Orders, Awaits Lula Sanction

The Brazilian Congress has formally approved a measure to permanently zero the federal import tax on small international purchases, a move that will slash the cost of cross-border e-commerce for millions of consumers and intensify competition for domestic retailers. The Senate gave its final legislative approval to Provisional Measure (MP) 1.357/2026, which had already passed the Chamber of Deputies, sending the text to President Luiz Inácio Lula da Silva for final sanction or veto.
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