(Corrects in the 2nd paragraph the day of the week to Tuesday instead of Thursday)
SAO PAULO (Reuters) – Governors decided on Tuesday to extend the ICMS tax on gasoline, ethanol and cooking gas, which would expire at the end of this month, for another 90 days, and the National Council for Finance Policy (Confaz) will meet on Thursday to decide on ICMS on diesel oil.
The decision was taken during a meeting of the Forum of Governors this Tuesday in Brasília and announced by the coordinator of the group, the governor of Piauí, Wellington Dias (PT).
“We are authorizing Comsefaz (National Committee of Secretaries of Finance, Finance, Revenue or Taxation of the States and the Federal District) to extend the measure that we have adopted since November 1, 2021, which carried out what is called freezing the average base price for ICMS effect”, said Dias, explaining that the measure will be extended for 90 days.
On diesel oil, the coordinator of the Forum of Governors explained that Confaz will discuss the ad rem rate – which is levied on the unit of measurement and not on the value of the operation – at a meeting on Thursday.
The measure is provided for in a law recently passed by Congress and sanctioned by President Jair Bolsonaro and which should be partially questioned by governors in the Federal Supreme Court (STF), according to Dias.
“In a contribution to the fulfillment of this law, we are authorizing the Council of Finance Secretaries to, this Thursday, the 24th, hold a meeting of Confaz to approve the resolution that may be the parameter for the application of the law in the 27 units of the Federation,” he said.
(Reporting by Eduardo Simões)
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