Alana Aiche do Carmo Dahrouj
Lawyer at Marcos Martins Advogados
The National Finance Policy Council (CONFAZ) has published new agreements dealing with a reduction in the ICMS tax base and extends existing agreements dealing with tax benefits.
Agreement 16/2020 will allow the state of São Paulo to grant a reduction in the ICMS tax base on internal exits with copper goods so that the tax burden results in a percentage of 12%, in operations carried out by manufacturers, importers, purchasers or wholesalers, not including final consumers.
Agreement 22/2020 extended, until December 31, 2020, previously signed agreements dealing with tax benefits, including:
- reduction of the ICMS tax base on the supply of meals by bars and restaurants (ICMS Agreement 65/2003);
- granting of presumed ICMS credits for the implementation of social programs and projects related to energy policy (Agreement 85/2004);
- reduction of the tax base on transactions with industrial equipment and agricultural implements (Agreement 52/1991);
- reduction of the ICMS tax base on agricultural inputs (ICMS Agreement 100/1997) and
- ICMS exemption on the import of machinery, equipment, parts and accessories for broadcasting companies (ICMS Agreement 10/2007).
Marcos Martins Advogados puts its tax team at your disposal for further clarification on the subject.
