The House approved the bill preventing the ICMS from being levied on additional electricity fees, the rapporteur of the ICMS ceiling on essential services changed compensation mechanisms in the text, and Pres. Bolsonaro should meet with Pres. Biden today

BRAZIL POLITICS - Report 09 Jun 2022 by Murillo de Aragão and Cristiano Noronha

The ICMS proposal will be sent to the Senate. Estimates show that the measure could result in R$ 2.88 billion in annual savings for consumers if generation conditions in the coming years are similar to those observed since 2015. The rapporteur of the ICMS ceiling bill, Senator Fernando Bezerra, maintained the immediate effectiveness of the measure in his report. The text will be read today in the Senate. Also today, President Jair Bolsonaro is due to meet with President Joe Biden in the United States as Bolsonaro participates in the Summit of the Americas.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.