States approve tax increase for purchases on sites like Shein and AliExpress; see new rate

by Andrea
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States approve tax increase for purchases on sites like Shein and AliExpress; see new rate

The secretaries and finance secretaries of the 26 states and the Federal District agreed, by a large majority, this Friday, the 6th, to increase the rate of the Tax on Circulation of Goods and Services (ICMS) from 17% to 20% on purchases on international websites, such as Shein and AliExpress. With the decision, the price for the consumer should increase.

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