Normative Ruling No. 2,109 of Brazil’s customs authority Receita Federal was issued on October 4, regulating the suspension of the collection of key federal taxes on revenue generated from domestic sales, as well as on the import of bunker-type fuel oil used in cabotage navigation and other port and maritime support operations. The Normative Ruling includes distribution companies in the list of beneficiaries of the special tax regime that suspends the payment of federal taxes PIS/Pasep and Confins for bunker oil transactions. According to Brazil’s Ministry of Infrastructure, the initiative will yield positive results for the cabotage navigation sector.
Sources: Informativo dos Portos/Datamar News