House approves tax cuts for mass transit
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Brasília - Bill exempting the payment of various federal taxes for the service of urban transportation and subway passengers was approved today (7), was deemed conclusive by the special committee of the Chamber of Deputies set up to examine the matter. Now, if there is no recourse for the plenary, the project will be forwarded for consideration of the Senate.
Under the proposal, will not be charged contributions Cofins and PIS (Social Integration Program and Contribution for Financing Social Security) on sales of public transport services and on the collective purchase of diesel, gas and renewable fuels, and chassis , bodies, vehicles, tires and air cameras that are used in the provision of public transport.
The bill would also exempt from PIS and Cofins the electrical energy used in the subways and commuter trains. Further exemption will be the gathering of the Intervention in the Economic Domain (Cide) in purchasing diesel fuel for transportation.
According to the rapporteur of the project, Mr Carlos Zarattini (PT), to qualify for this exemption scheme, states and municipalities will have to eliminate or at least reduce taxes like Service Tax (ISS) and the Tax on Sales and Services (ICMS) on the transportation system and deploy single ticket or integrated transport system.
Zarattini believes that cutting taxes on federal mass transit system is expected to reach 15% and that with the cooperation of states and municipalities, the percentage may exceed 20%. For him, with that, there will be reduction of public transport tickets
Source: The Day
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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