Joint committee approves end of small-parcel import tax

In brief

The Chamber and the Senate approved MP 1357/26 on September 3, permanently zeroing the 20% import tax on international purchases up to US$ 50; the Senate voted by voice and the text goes to sanction, per Correio Braziliense, g1, Agência Brasil and Money Times.

Per Agência Câmara, the text also zeroes the tariff on rare-disease medicines and allows the rate on purchases between US$ 50 and US$ 3,000 to fall from 60% to 30%, with a preliminary government assessment in three months and semiannual reports on jobs, prices and revenue in textiles, footwear, toys and cosmetics.

The MP heads to the Chamber floor and then the Senate; the fiscal impact was not cited by the sources.

What we know

Verified fact · material
The joint committee approved on September 2 MP 1357/26, which zeroes the 20% import tax on international purchases up to US$ 50.
It is the first formal step to undo the 2024 small-parcel taxation.
Sources[01][02][03][05]
Verified fact · material
The text heads to the Chamber floor and then the Senate.
The MP only takes permanent effect if voted in both houses within its validity period.
Sources[01][02][04]
Verified fact · material
For purchases between US$ 50 and US$ 3,000, the text allows cutting the rate from 60% to 30%, and zeroes the tariff on rare-disease medicines.
The band above US$ 50 concentrates parcel value and widens the change's reach.
Sources[01][02]
Context
The government must present a preliminary assessment in three months and semiannual reports on jobs, prices and revenue in textiles, footwear, toys and cosmetics, per Agência Câmara.
The monitoring flags the sectors Congress treats as exposed to the measure.
Sources[01]
Verified fact · material
Hugo Motta scheduled the MP's Chamber floor vote for 13:55 on September 3, and Motta and Alcolumbre promised a task force to vote in both houses before the measure lapses.
The tight calendar decides whether the exemption becomes law or lapses.
Sources[06][07][08]
Verified fact · material
The Chamber and the Senate approved MP 1357/26 on September 3, the Senate by voice vote, and the text goes to presidential sanction.
The measure no longer hinges on the MP's expiry date and now depends only on sanction.
Sources[09][10][11][12][13]
Verified fact · material
The approved text permanently zeroes the 20% import tax on purchases up to US$ 50, cuts the rate from 60% to 30% for the US$ 50 to US$ 3,000 band and zeroes the tariff on rare-disease medicines.
It fixes the brackets that will apply after sanction, including the cut in the middle band.
Sources[11][09][10]

Transmission to assets

Market read-through

For domestic apparel, footwear and cosmetics retail, the exemption restores the price edge of Asian platforms; approval lands the same week as Shein's Hong Kong debut.

For public accounts, the revenue loss was not sized by the sources and joins the fiscal fight over the 2027 budget.

Portfolio impact

Varejo de moda e calçados na B3negative

The exemption lowers the final price of Asian-platform parcels and pressures domestic retail competitiveness in low-ticket categories.

Negative for low-ticket domestic retail, conditional on passage.

What would change the view: The read changes if the floor restores the rate, the MP lapses or the cut above US$ 50 is not regulated.

sector50% confidence

Direction is an explanatory hypothesis, not a forecast or recommendation.

Next signals

What to watch

Presidential sanction and any vetoes, plus the law's publication date in the Official Gazette.
Regulation of the 60% to 30% cut in the band up to US$ 3,000.
Official estimate of the revenue impact.

Limits of the reporting