COGNICURRENT

In his first interview as Minister of Finance, Dario Durigan announced that the government will explore alternatives if states do not accept the proposal to exempt ICMS on imported diesel.

Brazil's new Minister of Finance, Dario Durigan, is waiting for states' responses regarding a proposal to eliminate the ICMS tax on diesel imports to combat rising fuel prices amid the Middle East conflict.

The proposal by the Brazilian Ministry of Finance to eliminate ICMS on imported diesel is facing significant technical and legal challenges from state governors, who are responsible for this tax.

Brazilian President Lula da Silva urges governors to eliminate the ICMS tax on diesel to alleviate the economic impact from rising international oil prices.

Brazilian governors are currently inclined to reject the federal government's proposal to eliminate the ICMS tax on diesel fuel imports, arguing it could negatively impact public finances.

President Lula has reiterated his request to Brazilian governors to reduce the ICMS tax on fuels, highlighting the internal impacts of the Middle East war on fuel prices.

The Secretary of Finance and Planning of São Paulo, Samuel Kinoshita, disputes claims that changes in tax regulations will lead to a 25% increase in cosmetics prices.

President Lula's team is hoping for a favorable decision from Confaz regarding a proposal to eliminate the ICMS tax on imported diesel.

Changes in São Paulo's ICMS tax regime could lead to a 25% increase in cosmetics prices, prompting concerns in various industry sectors.

Iran claims that Israel has bombed the world's largest natural gas field, as the Brazilian government proposes eliminating ICMS taxes on diesel imports amidst economic measures including a reduction in the Selic rate and legislative actions against domestic violence.

The Brazilian federal government has proposed that states abolish the ICMS tax on diesel imports to address rising fuel prices.

The Ministry of Finance proposed a tax exemption on diesel imports to states, with a federal compensation covering half the cost, estimated at R$ 3 billion.

The Brazilian federal government has proposed a temporary waiver of the ICMS tax on diesel imports to mitigate rising prices due to conflicts in the Middle East.

A consumer from Baraúna, Brazil, successfully suspended the ICMS charge on energy produced by their solar panels, based on a judicial ruling.

Brazil's Finance Minister Fernando Haddad plans to meet with state governors to propose a reduction in the ICMS tax on diesel amid rising oil prices due to the Middle East conflict.

The Brazilian Ministry of Finance has called a meeting with the states to discuss a temporary reduction of the ICMS tax on diesel.

Governors in Brazil have rejected President Lula's request to lower ICMS taxes on fuels, arguing that such cuts wouldn’t benefit consumers directly.

Governors in Brazil refuse Lula's request to lower the ICMS on fuels, citing that any cuts won't be passed to consumers.

Brazilian state governments have denied President Lula's request to reduce the ICMS tax on diesel amid rising international oil prices due to the war in Iran.

Brazilian governors have decided not to reduce the ICMS tax on fuels, citing concerns that such reductions do not benefit consumers and undermine public funding.

The supermarket sector in São Paulo achieved a significant reduction in the deadlines for the return of ICMS credits following discussions with the state government.

The Brazilian Federal Revenue Service has issued a solution regarding the exclusion of ICMS from the PIS and Cofins calculation base, favoring the 'stated ICMS' method over 'effective ICMS' after years of discussion.

The Maranhão State Finance Department is auditing ICMS credits declared by companies in the state, resulting in more than R$ 3.5 billion refunds due to inconsistencies.

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.

The fiscal results for 2025 indicate a troubling trajectory for the public accounts of Brazilian states, with performance at its worst since 2014.

Brazilian states face their worst fiscal results since 2014 as expenditures outpace revenues amid economic downturns.

São Paulo supermarkets are requesting adjustments to the new ICMS tax rules, seeking a reduction in the repayment period for overpaid taxes.

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.

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.

In Campinas, a state initiative is providing extensive discounts to help residents pay off their state tax debts, including IPVA and ICMS.

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.

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.

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.

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 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.