OrbitaxOrbitax

Brazil Chamber of Deputies Approves Maximum State VAT (ICMS) on Fuel, Electricity, Communications, and Public Transport

|Proposed Changes|Brazil
Brazil

Brazil’s Chamber of Deputies has approved draft Complementary Law PLP 18/2022, which provides that goods and services related to fuel, electricity, communications, and public transport are essential and cannot be subject to higher state value added tax (ICMS) rates. As such, the ICMS rate on supplies of these goods and services would generally be limited to a maximum of 17%. The draft law is currently before the Senate.

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.