Brazilian Senate approves bill to cap state VAT on fuel to make driving affordable

There were 65 votes in favor and 12 against. The project returns to the House of Representatives for a new analysis after the amendments inserted in the text.

RIO DE JANEIRO, BRAZIL - On June 13, the Brazilian Senate approved the bill, which limits state-level VAT (ICMS) on fuels, natural gas, electric energy, communications, and public transportation.

According to the . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?