Brazil Maintains 12% Export Tax on Crude Oil, Bituminous Minerals
In-house counsel for Brazilian crude oil and bituminous mineral exporters must confirm their compliance workflows align with the maintained 12% export tax rate to avoid penalties and cross-border shipment delays.
Brazil’s Foreign Trade Chamber (GECEX) issued Resolution No. 938/2026 in July 2026, formalizing the continuation of the 12% export tax rate for crude petroleum oils and bituminous minerals. The resolution does not adjust the existing rate but confirms its ongoing applicability following a scheduled review period for these commodity export taxes. In-house counsel for Brazilian entities exporting these goods, as well as cross-border trade teams supporting such clients, must verify that customs filings, tax reporting, and supply chain documentation reflect the maintained rate to avoid compliance gaps, penalties, or shipment delays for post-resolution exports.