The Brazilian Revenue Service understood in the Answer to Consultation n. 11, of the 6th Tax Region (Rio de Janeiro) that the applicability of Law n. 12.715, de 2012 is suspended until a ruling is published. With the enactment of such Law, the COFINS Importation rate increased from 7.6% to 8.6%. As a consequence, the taxpayer must pay attention to the register of the credits on the importation of goods, adopting the 1.65% rate of the PIS and 7.6% of the COFINS, according to laws n. 10.637, of 2002, and n. 10.833, of 2003).
(Enquire Solution n. 11, Jan. 29. 2013).