A long-awaited move to increase Brazil’s inbound duty free allowance at airports is in sight after the federal government revealed a plan to double the current limit to US$1,000.
Dufry arrivals shop at RIOgaleão Tom Jobin International Airport Terminal 2.
President Jair M. Bolsonaro said on Friday via Twitter: “The @MinEconomy Paulo Guedes, at our request, prepares a decree for the coming days. Brazilians returning from overseas travel will be able to buy $1,000 worth of products at airports – today the limit is $500.”
TRBusiness aims to bring you industry reaction and comment in due course.
In a simultaneous announcement, Bolsonaro revealed a rise in the purchase quota for Brazilians crossing the border into Paraguay from US$300 to US$500 per person.
Should the Brazil decree be implemented it would provide a significant fillip to retail operators such as Dufry, who benefit greatly from the country’s flourishing arrivals duty free business.
It would echo similar moves by Uruguay and Argentina in lifting their duty free allowances from US$500 to US$650 and US$300 to US$500, respectively.
ASUTIL Secretary General José Luis Donagaray had indicated to TRBusiness inMarchthat a prospective raise in Brazil’s duty free threshold would materialise before the end of the year.