By Jay Forte, Contributing Reporter
RIO DE JANEIRO, BRAZIL - The total taxes paid in the telecommunications sector last year totaled R$64 million, according to the Brazilian Telecommunications Association (Telebrasil). The amount is six percent higher than in 2015, despite a drop in user base in Brazil.
Among taxes, what has the greatest impact on telecommunications services accounts is the Tax on the Circulation of Goods and Services (ICMS), collected by the state governments.
Last year, R$34 billion in ICMS were collected from the industry, equivalent to 8.4 percent of all states' revenues from this tax across segments . . .
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