After fuel, electricity bills for customers of 10 utilities in Brazil will now also drop; see list
After fuel prices fell by an average of 17% due to the efforts of the Bolsonaro government and Congress, the...
July 13, 2022Topic
ICMS tax
Brazil’s Bolsonaro sanctions inflation-busting ICMS law
approved the bill to limit state-level VAT (ICMS) on diesel, gasoline, electricity, communications, and collective transport.
June 24, 2022
Fuels generate record tax revenue for Brazilian states in 1st quarter
The ICMS tax on motor fuels and lubricants drew record collections from states in 1Q2022. The federal entities collected R$32.76...
May 4, 2022