In today’s briefing:
- Shopee Faces Decision on Brazil Amid Tax Changes
Shopee Faces Decision on Brazil Amid Tax Changes
- Most Brazilian e-commerce platforms evade taxes by treating orders as individual transactions instead of business operations, despite the 60% tax on international e-commerce shipments by companies.
- The Brazillian government plans to address this tax loophole by strengthening oversight and implementing administrative measures.
- If Sea (SE US) cannot find a viable solution to navigate this tax, there is a strong possibility that Shopee will exit the Brazilian market.
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