Economic slowdown in 2025 compromises ICMS and worsens the scenario of tax reform
The economic slowdown projected for 2025 is expected to significantly impact ICMS revenues and complicate the fiscal scenario for states ahead of an impending tax reform in Brazil.
New warning sign in state accounts
The fiscal results for 2025 indicate a troubling trajectory for the public accounts of Brazilian states, with performance at its worst since 2014.
Expenses Rise More Than Revenues, and States Have Worst Fiscal Result Since 2014
Brazilian states face their worst fiscal results since 2014 as expenditures outpace revenues amid economic downturns.
Supermarkets ask Kassab for changes in new ICMS rules in SP
São Paulo supermarkets are requesting adjustments to the new ICMS tax rules, seeking a reduction in the repayment period for overpaid taxes.
2027 Women's World Cup may have operations exempt from ICMS
Brazil's National Council for Tax Policy has approved a measure allowing states to exempt or suspend the ICMS tax for operations related to the organization of the 2027 FIFA Women's World Cup.
São Paulo charges R$ 120 million in ICMS after changes in tax regime
The state of São Paulo is set to collect R$ 120 million in ICMS from more than 13,000 establishments following a change in the tax regime affecting various product categories.
IPVA, ICMS, and fines: a drive in Campinas offers up to 75% discount for paying state debts
In Campinas, a state initiative is providing extensive discounts to help residents pay off their state tax debts, including IPVA and ICMS.
Decree reinstates ICMS discount for products in Amapá
The São Paulo government has reinstated tax incentives for goods sent to Free Trade Areas like Amapá, which is expected to lower prices and enhance local business competitiveness.
Public Prosecutor's Office charges Sidney Oliveira from Ultrafarma with corruption accusation
The São Paulo Public Prosecutor's Office has formally charged businessman Sidney Oliveira, owner of the Ultrafarma chain, along with two former tax auditors, in connection with an alleged corruption scheme regarding the manipulation of ICMS tax credits.
STF decides that the Government of Piauí can resume charging ICMS on excess solar energy
The Supreme Federal Court of Brazil has reinstated the tax on the excess solar energy generated by consumers in Piauí who utilize the Electric Energy Compensation System.
Defender investigates increase in rates on customer bills with solar energy systems in RN
The Public Defender's Office of Rio Grande do Norte is investigating changes in public lighting tax and ICMS that have led to increased energy bills for consumers with solar energy generation systems.
Companies in Roraima Can Again Buy Products from São Paulo with ICMS Exemption
Companies in Boa Vista and Bonfim will benefit from an ICMS exemption on industrialized and semi-finished products imported from São Paulo until September 30, 2026, as part of a new fiscal measure.