In the new version of the opinion of the rapporteur Roberto Rocha for the tax reformread at the Senate Constitution and Justice Committee this Wednesday (23), he extended from 20 to 40 years the transition period for the IBS, substitute for ICMS and ISS.
As there was a request for a view, voting should only take place after Carnival.
Those who defend the approval of the text claim that this could lower the value of fuels, since in the text there is the inclusion that fuels may be subject to different taxation regimes.
With that, there would be a single-phase charge of the IBS in a fixed amount per liter and the same throughout the national territory, but more or less the same model that is currently in the report of the fuel project, reported by Senator Jean Paul Prates (PT-RN) , which can be voted on today on the Senate floor.
The IBS provides that the place of destination of the operation to be charged must always be adopted and not the place of production.
The proposal simplifies indirect taxes, levied on consumption and production. For this, the Value Added Tax (VAT) will be created, with the creation of two taxes: one for states and municipalities, called IBS, and another for the Union, called CBS. CBS will replace Pis/Cofins.
Source: CNN Brasil

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