The Brazilian supermarket sector celebrated a major victory with the state government of São Paulo as a result of negotiations regarding a reduction in the deadlines for the return of ICMS (Tax on Circulation of Goods and Services) credits after the end of the tax substitution regime. Under the newly implemented rules, the monthly repayment installments have been reduced from 24 to 12, which is expected to ease the financial burden on supermarkets by improving their cash flow.