Tag: VAT brazil

Since the VAT ceiling was implemented, hydrous ethanol is no longer competitive in 151 municipalities. The data were compiled by Poder360 based on the weekly price survey conducted by the National Petroleum, Natural Gas, and Biofuels Agency (ANP). In the...
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 - In the first quarter of this year, the federal government announced tax cuts totaling R$47.05 billion (US$10 billion). This is according to a survey conducted by Sindifisco Nacional, an association of tax inspectors of...

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