Latest / Medical Device Global Market Access
Cracking the Code: Brazil's Complex Import Taxes for Korean MedTech
This episode delves into the single most significant barrier for Korean medical device manufacturers entering the Brazilian market: the intricate and burdensome import taxation system. We break down the multiple federal and state-level taxes—including II, IPI, PIS, COFINS, and ICMS—that can collectively exceed 60% of a product's value, and explain why a nuanced understanding of landed costs and product classification is essential for success. - Why is Brazil's import tax system so challenging for Korean MedTech companies? - What are the five key taxes levied on imported medical devices in…
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