Brazil Makes Changes to Special Customs Schemes for Oil and Gas Imports
Brazil recently announced changes to its special customs regimes for the oil and gas industry, according to an alert from EY. In a notice published April 5, the Receita Federal do Brasil (RFB) amended its “normative instructions” on the Repetro…
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and Repetro-Sped programs related to how imports and temporary imports qualify for the program, what goods may qualify, the circumstances under which the regimes may not be used and application requirements.