Let’s talk about “RADAR” !

Before initiating any international trade transaction, the company duly incorporated in Brazil, must be registered on the International Trade Integrated System ( SISCOMEX), through the “RADAR” system (System for the Monitoring of Activities of Customs Agents) which consists of a integrated computerized system through which all international trade transactions must be electronically processed in order to allowed them to be registered, monitored and controlled.

The simplified and ordinary “RADAR” categories no longer exist….. they were superseded by the limited one which establishes a US$ 150,000 limit of foreign trade commerce operations per semester. Another category is the “RADAR” unlimited, different from the name, it has limits. In fact, the Brazilian Internal Revenue (RFB) determines the range value for operations after analyzing the company’s financial health. First, the company have to present a required documentation to apply for the “RADAR” limited and after it has being deferred, the tax payer can present a specific finance documents of the company to review the process which is called: estimative finance review.

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