Accounting in Brazil for Exporters of Soy, Corn, Meat, and Cellulose
Brazil is an agricultural powerhouse and a leading global exporter of soybeans, corn, beef, and cellulose (wood pulp). In 2023, Brazilian agribusiness exports reached a record US$166 billion, nearly half of the country’s total exports. This thriving trade attracts...
How to avoid tax liabilities with RECOF and temporary admission in international trade accounting
Managing taxation in foreign trade requires advanced technical knowledge, especially when it comes to special customs regimes such as RECOF and Temporary Admission. While they provide significant opportunities for tax and logistical efficiency, these regimes also...
Bookkeeping in Brazil: What Foreign Companies Must Know
Operating a business in Brazil requires strict compliance with bookkeeping in Brazil, a legal obligation that affects all companies, including foreign subsidiaries and branches Every company established in Brazil, including subsidiaries or branches of foreign firms,...
How Brazil’s Tax Reform Will Impact Telecommunications Companies
Brazil is undergoing a major tax reform that will change the way goods and services are taxed across the country. For telecommunications companies — whether you already operate in Brazil or are planning to start — this reform represents both opportunities and...
Tax risks in importing: Common classification errors and how to avoid them
In international trade, the correct tax classification of goods is a critical step for successful import operations. A simple error in the NCM code (Nomenclature of the Mercosur Common Market) can lead to serious consequences: from incorrect taxation to heavy fines...
Accounting and Taxes in Brazil for Chinese Businesses
Brazil is Latin America’s largest economy and, since 2009, China has been its top trading partner. This makes Brazil a prime destination for Chinese investors – but it also means navigating an extremely complex “baroque” tax and accounting system. For example,...
Impact of US 50% tariff on Brazilian exporters
Introduction The US’s proposal of a sweeping 50% tariff on Brazilian imports, scheduled to take effect on August 1, 2025, has triggered alarm across markets, media, and governments worldwide. Market leaders believe this is much more than an economic maneuver—it’s a...
How Does Accounting Work for Foreign Automotive Industries Operating in Brazil?
Brazil is home to one of the largest automotive markets in the world. Multinational companies like Volkswagen, Toyota, Stellantis, GM, and Honda have maintained operations in the country for decades. However, foreign companies entering the Brazilian market—especially...