Atalho

News

Globo

Approved Complementary Law to extend the term of ICMS tax benefits in commercial activities, interstate services with agricultural products, vegetable extraction in natura, and the port and airport areas

07/10/2021

In Brief

The Federal Senate approved yesterday the Complementary Law Project No. 05/2021, which provides for the extension of exemptions, incentives, and tax and financial-tax benefits linked to the ICMS, aimed at maintaining or increasing commercial activities, provided that the beneficiary is the actual sender of the goods.

More details

The Federal Senate approved yesterday the Complementary Law Project No. 05/2021, which provides for the extension of ICMS tax exemptions, incentives, financial-fiscal benefits The approved legislative amendment seeks to equalize the period of enjoyment of ICMS tax benefits, pursuant to Complementary Law No. 160/2017.  The original text of the LC No. 160/2017 extended the tax benefits unequally among economic sectors. The reinstatement term of the benefits for industry and agricultural activities is 15 years while for commercial and port activities were 5 and 8 years respectively 

The approved project will be sent to the president’s sanction, who has 15 days to either enact or veto it. If there is a presidential veto, it is possible that the text will be reconsidered by the national congress, which will need an absolute majority of votes of congressmen and senators to overturn the presidential veto.

We remain at your disposal for any questions on the subject.

Share on Social Media
Trench Rossi Watanabe
São Paulo
Rua Arq. Olavo Redig de Campos, 105
31º andar - Edifício EZ Towers
Torre A | O4711-904
São Paulo - SP - Brasil

Rio de Janeiro
Rua Lauro Muller, 116 - Conj. 2802
Ed. Rio Sul Center | 22290-906
Rio de Janeiro - RJ - Brasil

Brasília
Saf/s Quadra 02 - Lote 04 - Sala 203
Ed. Comercial Via Esplanada | 70070-600
Brasília - Distrito Federal - Brasil

Porto alegre
Av. Soledade, 550
Cj. 403 e 404 | 90470-340
Porto Alegre - RS - Brasil

press
JeffreyGroup
Nara Neri 55 11 3185.0800 | Ext.832

Ícone do Instagram
Ícone do Facebook
Ícone do YouTube
Ícone do Linkedin