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Brazil’s State Secretaries decide to end tax freeze on fuels

RIO DE JANEIRO, BRAZIL - The National Committee of Treasury Secretaries (COMSEFAZ) announced Friday, January 14, that it will end the freeze on Value-added Tax on Sales and Services (ICMS) on fuels on the originally scheduled date, January 31.

Piauí governor and coordinator of the National Governors Forum Wellington Dias released a note with the following statement: "We did our part by freezing the reference price for ICMS, but this concrete step was not valued, the people were not respected. The response was an escalation upon escalation of fuel prices."

He also considered that the gasoline and diesel hikes have . . .

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