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The Superior Court of Justice (STJ) granted a taxpayer's right to register credits related to State VAT (ICMS) correspondent to the overpayment in the tax substitution regime.
BRASILIA. KAZINFORM - Brazil’s Broad Consumer Price Index, or IPCA, closed out the month of July with 0.68 percent deflation, the lowest rate since the beginning of this time series, in 1980. In June, inflation climbed 0.67 percent. Year to date, the official inflation stands at 4.77 percent and 10.07 percent in 12 months. The figures were released yesterday (Aug 9) by official statistics institute IBGE, Agencia Brasil reports.
On July 8th, 2022, Normative Instruction No. 2,092/2022 was published and set forth the suspension of social contributions to PIS and Cofins that act as a levy on transactions regarding oil for fuel production, as determined by Complementary Law No. 192/2022.
A forum of Brazilian Governors Tuesday agreed to extend for another 90 days the freeze on the average Tax on Merchandise Circulation (ICMS) that is levied on gasoline, ethanol and cooking gas to help mitigate inflation's impact on the citizenry's purchasing power, it was announced.
A general introduction to the law on tax residence and fiscal domicile in Brazil.