Home Uncategorized Minas Gerais reduces ICMS on gasoline and electricity to 18%

Minas Gerais reduces ICMS on gasoline and electricity to 18%

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Minas Gerais reduces ICMS on gasoline and electricity to 18%

The governor of Minas Gerais, Romeu Zema, said this Friday (1st) that he signed a decree to reduce the Tax on Circulation of Goods and Services (ICMS) levied on gasoline, electricity and telephone and internet services to 18%.

“Today I sign the Decree that reduces the ICMS on gasoline, electricity, telephone and internet services in Minas. Gasoline tax was 31%, electricity 30% and communication 27%. All will pass to 18% in our state starting today”, he said in a post on Twitter.

The change follows a definition by the National Council for Finance Policy (Confaz).

Confaz changed the ICMS collection rules in the wake of the decision of the Minister of the Federal Supreme Court (STF) André Mendonça, who determined, last week, that the ICMS rates charged on all fuels be uniform throughout the country.

*Posted by Ligia Tuon



Source: CNN Brasil

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