The state governments reached an agreement to adopt a single rate of the Tax on Circulation of Goods and Services (ICMS) on the Gasoline and the ethanol.
See how the single value for ICMS will affect the price of gasoline
The National Council for Finance Policy (Confaz) published on Wednesday (29) in the Federal Official Gazette the text of an agreement, which had been agreed upon at a meeting the day before, which decided to charge a single ICMS tax on fuel operations , in the single amount of R$ 1.45 per liter.
According to the Confaz document, the collection will be carried out in this way whatever the purpose of the operations, even if initiated abroad, and the measure will come into force on July 1st of this year. The rates will be uniform throughout the national territory.
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source: terra
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