Yes, you’re looking at ~92% tax right there. Final price jumped from ~113 dollars (584BRL) to ~220 dollars.
EDIT: A bit of clarification, when buying from abroad there’s a flat 60% federal tax if the thing + shipping price surpasses 50 dollars. Then there’s a state tax that can vary between 17-25%, which goes on top of the total taxed value. Part of the tax is literally “tax of a tax”
Don’t blindly believe everything people tell you. Quite often, the reason why these “entrepreneurs” have to pay bribes is because they didn’t go through official channels and/or don’t have the necessary permits to operate.