The Minister of Finance, Fernando Haddad, announced this Friday (10) that the federal government will compensate by R$ 26.9 billion for the loss of revenue in the states, due to the reduction of ICMS (Tax on Circulation of Goods and Services ).
The information was advanced by the director of CNN, Daniel Rittner.
“A good part of this has been resolved, because the states managed to obtain an injunction not to pay taxes to the Union, and this amount will be deducted”, said the minister at a press conference. “We are reaching a consensus between 27 governors and the Union. But, as he had promised, he would not end March with this pending ”.
Taxes are the main source of revenue for the entities. Since the approval of laws that limited the ICMS rate on fuel, electricity and telecommunications services, states have been looking for a way to compensate for the loss of revenue.
Law 192 eliminated the collection of PIS and Cofins taxes on fuels and established that ICMS was levied on the product only once. Law 194, on the other hand, established a ceiling (17% or 18% in 2022) for the collection of ICMS on products and services considered essential, such as fuel, electricity, communication services and public transport.
*Updated / With information from Daniel Rittner
Source: CNN Brasil
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