Nintendo suspends its Brazil operations, citing high duties
SAO PAULO (AP) — Nintendo says it’s suspending the distribution of its hardware and games in Brazil because of the country’s high import tariffs and taxes.
The announcement was made Friday.
Bill van Zyll, Director and General Manager for Latin America of Nintendo of America, tells Brazilian video game magazine, “Nintendo World” that Brazil “has a high tax burden” and heavy import duties that made the company’s situation in the country “unsustainable.”
In a statement published by local media he mentioned the “high tariffs on imports that apply to our industry and our decision not to have a local manufacturing operation.”
Phone calls to Nintendo’s office in Brazil went unanswered on Saturday.