Tag: ICMS Brazil

On Monday, July 18, the governments of São Paulo and Minas Gerais, Brazil's two most populous states, announced cuts to the ICMS tax (Brazilian VAT) on ethanol to make the biofuel more competitive at the pump, following a similar...
RIO DE JANEIRO, BRAZIL - Brazil implemented a new nationwide tax law that considers telecommunications, energy, and public transportation services essential. This new law establishes that the Tax on the Circulation of Goods and Services (ICMS, Brazilian VAT tax) shall...
RIO DE JANEIRO, BRAZIL - The governor of São Paulo, Rodrigo Garcia (PSDB), announced on Monday, June 27, that the state will immediately reduce the VAT tax rates (ICMS) on gasoline from 25% to 18%, which may cause a...
RIO DE JANEIRO, BRAZIL - With Brazil's Chamber of Deputies about to analyze a bill that changes the classification of fuels for essential goods and services in search of a reduction in prices for the final consumer, the president...

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