RIO DE JANEIRO, BRAZIL - The limit on tax-free purchases for those crossing the Brazilian border by land or river will increase from US$300 to US$500 per person as of January 1st, 2020.

Finance Ministry Ordinance No. 601 - published in yesterday's edition of the Federal Gazette - raises the limit.

Last month, President Jair Bolsonaro had already announced that he would increase the limit, which should benefit those crossing the Brazilian border with Paraguay, for instance.

As of next year, the government will also increase the limit for purchases in duty-free shops, which will increase from the . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here