Tag: ICMS rates

Entities go to STF against new ICMS sharing for Simples

The director-president of the Brazilian Micro and Small Business Support Service (Sebrae), Guilherme Afif Domingos, said on Wednesday (20) that the National Trade Confederation (CNC) will file an injunction with the Federal Supreme Court ( STF) to suspend the application of the ICMS sharing rule (Tax on the Circulation of Goods and Services) between the states, in force since the beginning of the year, for companies enrolled in Simples Nacional, that is, with revenues of up to R $ 3,6 million per year.

According to Afif Domingos, the request for an injunction with suspensive effect from CNC will be signed by ten other entities. They are: Confederation of Commercial and Business Associations of Brazil (CACB), National Confederation of Shopkeepers (CNDL), National Confederation of Industry (CNI), National Federation of Accounting Service Companies (Fenacon), Brazilian Association of Commercial Automation (Afrac ), Brazilian Association of Electronic Commerce (ABComm), Commercial Association of Rio de Janeiro (ACRJ), Commercial Association of São Paulo (ACSP), Brazilian Chamber of Electronic Commerce (Camara-e.net) and Union of Accounting Services Companies ( Sescon-SP).

Source: G1 (20/01)

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Alckmin proposes higher VAT on beer and tobacco and lower ICMS for food

Part of the additional revenue from superfluous goes to fight poverty.
Governor also reduced taxes on medicines, rice and beans.

The governor of São Paulo, Geraldo Alckmin (PSDB), sent to the Legislative Assembly this Wednesday (28) a package of measures that proposes to increase the rates of the Tax on Circulation of Goods and Services (ICMS) for cigarettes and beer and a reduction the same tax on generic drugs. By decree, the governor zeroed the ICMS on rice and beans and reduced the tax on sand used in construction.
The package also includes the creation of a state fund to fight poverty. This fund will be supplied with approximately R $ 1 billion generated with the increase in the superfluous tax. Another R $ 1 billion will be allocated to the state treasury and R $ 500 million to the municipalities. The governor also proposed the creation of a debt installment program (PPD).

 

Source: Globo G1 (28/10)

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