The Brazilian Federal Revenue Service has published a Normative Instruction that is expected to significantly reduce the number of companies authorized to operate in foreign trade through SISCOMEX. IN 1.893/2019, published in the Official Gazette today, reduces the validity period of company authorizations to 6 months, down from 18 months previously.
Therefore, starting from the effective date of IN 1.893/2019, that is, in 30 days, companies registered in SISCOMEX that remain inactive (in foreign trade) for more than 6 months will be automatically disabled from the system.
From the news article:
The authorization for individuals or legal representatives to conduct business within the Integrated Foreign Trade System (Siscomex) will now be valid for six months. Currently, the authorization is valid for 18 months. The validity period is renewed for each foreign trade transaction carried out in the system.
With this regulatory change, the Brazilian Federal Revenue Service seeks to improve its risk management by adjusting the base of eligible companies to the base of companies effectively operating in foreign trade or with a real intention to operate in the medium term. The change was published in... Normative Instruction 1.893/2019, The new rule, published today in the Official Gazette of the Union, will come into effect 30 days after its publication.
This initiative complements the recently created Habilita Portal, which allows exporters and importers to register to operate in foreign trade directly through the Federal Revenue Service website. Therefore, the reduction in the timeframe will not significantly impact the day-to-day operations of companies, given that, due to the aforementioned facilitations, the re-registration of any company is extremely simple through self-service on the website. Federal Revenuel, regardless of downtime.
This set of initiatives results in the simplification and reduction of bureaucracy in the Federal Revenue Service's processes and in increased competitiveness for Brazilian companies through continuous improvements in the fluidity and control of Brazilian foreign trade.
Source: Federal Revenue Service
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