[Free translation]
The new Incidence Table of the Industrialized Products Tax (TIPI), approved by Decree No. 8.950, of December 29, 2016, was published.
TIPI is the matrix of reference rates for the incidence of IPI on industrialized products in the domestic market or imported.
It is organized in accordance with the Mercosur Common Nomenclature (NCM) and had to be updated due to the edition of Resolution Camex nº 125, dated December 15, 2016, amending the NCM to adapt to the modifications of the Harmonized System 2017 (SH- 2017), developed and updated by the World Customs Organization (WCO).
There were modifications, through inclusions, exclusions and reclassification of some products, which may have generated change in IPI rates.
Every taxpayer of the IPI and the Import Tax must reassess whether the new scale caused a change in the classification or rate of IPI and / or the Import Tax of products purchased in the domestic market, of the imported products and the products sold by them.
Timely remind that every company is required to examine the correct classification and taxation of products purchased and if there is any irregularity, must notify the supplier in 8 days. Whoever fails to notify the sender shall be subject to the same penalties as the industrial or sender. (article 327 combined with article 575 of the IPI Regulation).
The Integrated Foreign Trade System (SISCOMEX) has already been updated with the new IPI rates since January 1, 2017.
The full text of TIPI can also be found in the annex to Decree 8.950 / 16: http://www.planalto.gov.br/ccivil_03/_ato2015-2018/2016/decreto/Anexo/AND8950.pdf
