Brazil’s Bolsonaro Vows to Offset States for Fuel Tax Cut & More News Here

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

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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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