The Brazilian tax authority has published guidance for determining the pricing of certain exports and imports of goods that are treated as commodities on 6 November 2013.The guidance also presents new probability for price adjustments. Under the new rules the following items may be considered, including: payment term; amount negotiated; climatic influences on the characteristics of the imported good; intermediation costs in the purchase and the sale practiced by unrelated party; packaging; and shipping and insurance.
RFB Normative Instruction nº 1,395 relates to the pricing methodologies of export and import price quotations. In the absence of a quotation for the goods on the commodities and futures exchanges, the prices of goods imported or exported should be compared with the prices that are provided by those internationally recognized research institutions.
