Source: https://www.tauilchequer.com.br/en/perspectives-events/publications/2019/04/modifications-to-repetro-sped-rules
Timestamp: 2019-12-15 23:35:03
Document Index: 766006958

Matched Legal Cases: ['§6', '§1', '§3', '§4', '§4', '§8', '§1', '§1', '§1', '§4', '§2', '§3', '§4']

Modifications to Repetro-Sped Rules | Perspectives & Events | Tauil & Chequer Advogados
On April 5, 2019, the Official Gazette published the Normative Ruling RFB No. 1,880, which outlined modifications to the Tax and Customs Special Regime for Temporary Admission of Oil and Gas Equipment (the so-called “Repetro-Sped”), regulated by Normative Ruling RFB No. 1,871/2018. In addition, the new Normative Ruling modified Normative Rulings RFB No. 1,600/2015 and 1,415/2013.
The definitive import, the temporary admission without payment of taxes and the Repetro-Industrialization can be adopted until December 31, 2020 (Section 2, §6º).
The use of Temporary Admission of goods that will be permanently imported or consumed under the Repetro-Sped regime is forbidden (Section 3, §1º, III).
The simultaneous use of goods in one or more exploration blocks or production fields (Section 3, §3º and Section 22) is authorized.
Rental, assignment, provision or lease agreements must list the individual goods and the unitary value of the rental, assignment, provision or lease of each good separately, under penalty of being denied temporary admission for economic utilization regime with or without the payment of related taxes (Section 3, §4º, III).
The restriction foreseen in Section 3, §4º, item V, was revoked. Thus, the agreement can foresee the supply of consumables in the provision of services and will still remain eligible under the Repetro-Sped regime.
The temporary admission for economic use without the payment of taxes is applicable to FPSOs as long as (i) the charter, leasing, assignment, provision or rental agreement is related to an agreement for provision of operation services and the charter company and the provision of services company are not considered related to the contracting company; or (ii) the good is destined for temporary utilization in production tests or anticipated production systems in production fields or exploration blocks (Section 3, §8º, I and II).
The companies interested in using the Repetro-Industrialization must already be registered in Repetro-Sped (Section 4 and 5, §1º).
The Repetro-Sped registrant must be presented with several documents, including an insurance policy of hull and equipment, which can now be hired in Brazil or abroad (Section 14, §1º, VIII).
The request for Repetro-Sped extension will be automatically granted under a resolutory condition subjected to a approval within 5 years(Section 21, §1º, III).
In the case of termination of the regime due to the destruction of the goods, it is necessary to present a technical opinion that proves that the goods were destroyed (Section 27, §4º, II).
The goods imported under Repetro (Normative Ruling RFB No 1,415/2013) until December 31, 2018, or whose habilitation request was filed until such date, are still regulated by Repetro rules until December 31, 2020 (Section 39, §2º).
Those same goods submitted to Repetro until December 31, 2018, or whose habilitation request was filed until such date, can be transferred to Repetro-Sped through a simplified proceeding between January 1, 2018, and June 30, 2019 (Section 39, §3º).
The Repetro-Sped rules are applicable to requests filed after December 31, 2018 (Section 39, §4º).