Brazil
Southamerica
How are Giftcards treated for tax purposes in Brazil (VAT, single-purpose / multi-purpose)?
Giftcards are subject to taxes (ICMS or ISS) depending on the type of service. Tax liability arises on redemption. There is no official distinction between single-purpose and multi-purpose Giftcards, but similar principles are applied.
Is there a legal regulation in Brazil on the validity period of Giftcards?
In Brazil, Giftcard validity is governed by consumer protection law. Under the Código de Defesa do Consumidor, Giftcards must have a minimum validity of 90 days if no longer period is stated. Providers must clearly disclose validity.
Which consumer rights apply in Brazil regarding expired Giftcards?
Under Brazilian law, a Giftcard expires after its expiry date. Consumers can request a refund if the provider did not clearly state the validity period.
What special rules apply in Brazil for the sale, issuance, or redemption of Giftcards?
Giftcard sales in Brazil are widespread, especially online. Electronic Giftcards must be processed via registered payment service providers regulated by the central bank.