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Reduction of ICMS now beginning to assert

This article was translated by an automatic translation system, and was therefore not reviewed by people.


 


From today, around 95 thousand products of consumption are, in Paraná, with the rate of Tax on Circulation of Goods and Services (ICMS) reduced by 25% and 18% to 12%.

To compensate for the loss of revenue, a number of products such as gasoline, anhydrous alcohol, electricity, telecommunications, beverages and cigarettes have increased the rates by two percentage points. The changes stem from the call minirreforma tax established by Law 16,016, approved in December 2008.

The loss of revenue, with the changes, will be $ 476 million, while increases in other items guarantee a replacement of R $ 409.5 million in revenue, according to State Department of Finance.

The requirements of the Law of Fiscal Responsibility was the government's justification for the increase. The communication services will bring the greatest positive impact on revenues.

The government projects a considerable drop in prices of goods that have reduced the rates of VAT. The Secretary of Finance, Arzu Heron, expects the price of goods that people buy "is reduced by about 8%.

As announced before, the Instituto Paranaense de Desenvolvimento Econômico e Social (Ipardes) shall submit a monthly list with the prices achieved by legislation.

Regardless of the official search, the governor Roberto Requiao asked the population to denounce tax and see if there was no reduction. He stressed that, because the competition is very strong, especially in the supermarket sector, it is "impossible" no reduction in prices.

"Who does not download lose customers who fell for," stressed. "I am sure that no composition among them not to cut prices because they come into confrontation with the government of the state." The law provides that, if there is no reduction in value to consumers, the government may revoke it in six months .

Changes

Changes in the VAT rates involve a reduction of 18% to 12% in the rate of tax on consumer goods like food, medicines, toiletries and household goods, shoes, clothing, wood and appliances.

But the increases will be 26% to 28% on products such as gasoline and anhydrous alcohol, and 27% to 29% in electricity, telecommunications, beverages and cigarettes.

The changes began in January with school materials. The law passed except the items required noventena to other products, so the impact on prices could already be felt at the beginning of the school year.

The reduced rate, in this case was 18% to 12%. For the government, it caused decreases, or at least kept intact the prices of over 60 items, since some industries readjust their prices by around 15%.

The government itself projects that the State alleged a product, the value of $ 100, before the reduction of VAT, must have its price reduced by 6.8% with the change of the rate of 18% to 12%.

The government also estimated that a bill for electricity, the same value, should go to $ 102.81 due to an increase of two percentage points of ICMS item.

The government also cites a study by the Federation of Industries of Paraná (Fiep), also made in 2008, which shows that if prices fall 2.43% due to minirreforma, no impact of the increase in VAT on some items, at least for consumers of classes C, D and E - the greatest benefit by the measures.



Source: Paraná Online

This article was translated by an automatic translation system, and was therefore not reviewed by people.

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