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Brazil V.A.Taverage state V.A.T. rate in Brazil (ICMS) is 17%.In Sao Paulo the standard rate is 18%, while in Rio de Janeiro the rate is 19%. The average federal V.A.T. rate is 20%. Rates of inter-state supplies within Brazil are 7%-25%. The 7% rate relates to basic food products etc. Certain products are exempt from VAT, e.g. books, newspapers. fruit and vegetables. Exports are exempt from VAT. Brazil Real Estate TaxesBrazil Real Estate Transfer TaxThe tax is imposed on the buyer of real estate. The tax rates are 2%-6% of the sale value. Brazil Real Estate Property Tax The annual tax is imposed by the local authority, the rates change from city to city. The rates are 0.3%-1% of the market value. Brazil Rural Property Tax The annual tax is imposed on rural property. The tax rates are 0.03%-20% depending on the location and use of the property. |