Mar 19 • 13:10 UTC 🇧🇷 Brazil G1 (PT)

Lula's government hopes for a technical decision from Confaz on the proposal to eliminate ICMS on imported diesel

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

President Lula's administration is counting on the National Council of Tax Policy (Confaz) to make a technical decision on a proposal presented by the Ministry of Finance to eliminate the ICMS tax on imported diesel for the months of April and May. This potential measure is expected to cost the federal government and the states R$ 3 billion each month. The decision involves careful consideration of the financial implications for both levels of government amid rising oil prices.

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