Minister André Mendonça, of the Federal Supreme Court (STF), gave a period of 24 hours for the government and Congress to express their views on the states’ proposal for the calculation of ICMS (Tax on the Circulation of Goods and Services).
In an order on the afternoon of this Monday (13), the minister says that, after the deadline, “with or without manifestation” from the Executive and the Legislative, he will examine possible approval of the agreement.
This Monday, the states presented to the Supreme a proposal on the calculation of the tax that is levied on fuel, collective transport, electricity and telecommunications. The Comsefaz proposal involves the reduction, by the end of 2022, of the calculation base in these sectors, so that the effective tax burden corresponds to the application of the modal rate of each State.
In addition, the finance secretaries suggest the full compensation of the tax losses of the states with these new rules, through the transfer of resources from the Union or by reducing the debt of the federative entities with the federal government. This compensation will be carried out from a 5% trigger on the drop in collection.
*With information from Gabriel Hirabahasi and Gabriela Coelho, from CNN
Source: CNN Brasil
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
