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Federal government exempts from tax for the purchase of sailboats

 20/11/2021 | Posted by: Newsroom Visit Brazil
Photo: City Hall of Ubatuba-SP
Photo: City Hall of Ubatuba-SP

Currently, federal import taxes correspond to 20% of the value paid by the vessel's buyer. With this, the expectation is for a reduction in costs related to the commercialization of vessels, thus stimulating national nautical tourism. The reduction measure is already in effect.

Another achievement for national nautical tourism. A decision released this Thursday (18.11), approved during the 1st88th Ordinary Meeting of the Management Executive Committee (Gecex), ensured the inclusion of sailing boats, even with auxiliary engines, in the List of Exceptions to the Mercosur Common External Tariff (LETEC). The measure ensures exemption from federal taxes for all those interested in importing sailboats – sportsmen and tourism entrepreneurs who use their vessels as an economic asset.

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Currently, federal import taxes correspond to 20% of the value paid by the vessel's buyer. With this, the expectation is for a reduction in costs related to the commercialization of vessels, thus stimulating national nautical tourism. The reduction measure is already in effect.

“This is another historic achievement for national tourism, thanks to President Bolsonaro's commitment to our activity. The tax exemption for the purchase of sailboats will benefit sportsmen and tourism entrepreneurs throughout our territory. The increase in vessels also results in a greater number of marinas, improvement in infrastructure and, consequently, in more jobs”, commented the Minister of Tourism, Gilson Machado Neto.

NAUTICAL TOURISM – The activity is characterized by contact with water - salt or fresh - and is linked to navigation, the practice of water sports or other activities carried out in the water. Another important feature is that, unlike other means of transport, boats are the main attractions of nautical tourism, as they offer leisure and entertainment, rather than just displacement.

Publication released in July this year by the Ministry of Tourism indicates attractions and products related to the sea throughout the country, as well as rivers, lakes and fresh water reservoirs. This is the first Market Intelligence Bulletin in Tourism with a focus on Nautical Tourism and listing the main destinations and leisure options in the segment. (Access HERE)

 

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By: Redacao Visit Brazil
Salvador BA
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