Brazilian authorities will offset states that settle for to lower ICMS tax on diesel and cooking gasoline to zero, President Jair Bolsonaro introduced in a speech at Presidential Palace.
- President additionally proposed to lower PIS/Cofins and Cide taxes on gasoline and ethanol to zero
- Measures depend upon the Congress approval of a Constitutional Amendment
- Exemption and reimbursement to states are short-term and set to be legitimate till December 31, Economy Minister Paulo Guedes stated throughout the identical occasion
- Government didn’t disclose proposal’s fiscal influence
- Govt to use extraordinary revenues that haven’t but been included within the price range to pay …
Brazil’s Bolsonaro Vows to Offset States for Fuel Tax Cut & More Latest News Update
Brazil’s Bolsonaro Vows to Offset States for Fuel Tax Cut & More Live News
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Brazil’s Bolsonaro Vows to Offset States for Fuel Tax Cut & More News Today
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