Brazil Senate Ends Import Tax on Sub-$50 Purchases; Bill to Lula

Brazil's Senate approved a bill eliminating the import tax on international purchases up to US$ 50 and reducing taxation for orders up to US$ 3,000. The measure, now heading to President Lula for sanction, reverses a previous tax policy and could boost cross-border e-commerce. Uncertainty remains over Lula's final decision and potential fiscal impact.