High import duties cited as reason for withdrawal

Nintendo pulls out of Brazil market

MCV Staff 12th January 2015 Publishing

The high taxation on imported video games goods has been blamed for Nintendo’s decision to quit the Brazilian market.

Nintendo of America told Polygon that the decision to stop shipping products to Brazil was due to "high import duties that apply to our sector". These fees could be avoided were the company to establish local manufacturing operations, although any savings would be offset be the costs involved in doing so.

Other reports suggest that prohibitive banking regulations also complicated the sale of digital games on Wii U.

Games consoles are certainly luxury products in the heavily populace country. PS4 retails for R3,999 (£990) and the Xbox One (£545). Taxes account for around two thirds of the cost.

Our sister-site MCV has more details.

Tags

About MCV Staff

Check Also

ent [Industry news] Entity raises €5 million in seed funding to bring console-quality games to the ‘New Web’

[Industry news] Entity raises €5 million in seed funding to bring console-quality games to the ‘New Web’

Entity, a new Irish gaming distribution startup, today announced it has completed a €5 million seed round for its next-generation gaming platform which is set to launch in early 2027. Entity has embraced the latest breakthrough web technology to create the home of console-quality games for the “new web” era.  Entity is effectively replacing the need for a dedicated gaming device such as the console or PC for most games: Bringing, for the first time, instant and social game play experiences to the largest global game playing audience without the friction of downloads or installs. Entity delivers a true click and play experience for games players, anytime, anywhere and on any modern browser

© Copyright 2026, MCV. BizMedia