Brazil’s Chamber of Deputies has approved draft Complementary Law PLP 18/2022, which provides that goods and services related to fuel, electricity, communications, and public transport are essential and cannot be subject to higher state value added tax (ICMS) rates. As such, the ICMS rate on supplies of these goods and services would generally be limited to a maximum of 17%. The draft law is currently before the Senate.
Source Orbitax
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