Chamber concluded vote on project that limits ICMS on fuels and text goes to presidential sanction
The President of the Chamber of Deputies, Arthur Liraagain defended this Tuesday (June 15, 2022) the approval of the PLP 18/22, which limits the application of ICMS (Tax on the Circulation of Goods and Services) on fuels. Voting on the proposal was completed in the Chamber and is on for presidential sanction. According to Lira, the text “returns the people’s money to the people at a critical moment in the economy”.
“Theorists of the ideal and the scholiasts of perfection see the global scenario deteriorating and find in this fact the reason for finding the measures insufficient. Would doing nothing be better then?” declared the congressman on Twitter.
Lira also said that the Chamber’s commitment is with the population. “The fact is that the world and Brazil are experiencing the result of successive and unprecedented waves of large-scale crises. Our commitment remains the same: protect the most vulnerable, today, tomorrow”, concluded.
The project applies the ICMS rate for natural gas, electricity, communications and public transport. According to the text, these products would be classified as essential, leading to the setting of the ICMS rate at a maximum level of 17% or 18% (depending on the location), lower than that currently practiced by States.
The proposal also provides for the Union to compensate for State revenue losses when the revenue loss exceeds 5% compared to 2021.
Read: Chamber concludes vote and ICMS bill and goes to sanction.
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