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Tax formula of Brazil 45 sugar futures
1. VAT: The standard tax rate of No.45 sugar sold in Brazil is 12%, but the tax rate may be different according to different regions or industries. The calculation formula is: tax amount = contract unit price × lots × delivered quantity × tax rate.

2. Import tariff: Brazil imposes 50% tariff on imported sugar, and the calculation formula is: tax amount = contract unit price × lots × delivery quantity × tariff rate.