Clipping of news on Brazilian Culture, Law and Citizenship
07/04/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Proposal must be voted on the Senate floor next week.
States receiving the product will also receive portion of the tax.
Members of the Committee on Constitution and Justice (CCJ) passed the Senate on Tuesday afternoon (3) the proposal provides for new criteria for the collection of the Tax on Circulation of Goods and Services (ICMS) for products sold over the Internet. The proposal must be approved by the full Senate in two shifts, which should occur next week. Then the analysis goes through the House.
The proposal approved by the commission split between the states of origin and destination of the money collected with the ICMS on Internet sales. For the current rules, anyone who buys a product through a shop in another state pays the VAT at the origin of the goods. With the change, the state recipient of the product will also receive a portion of the tax.
The proposal was reported on the committee by Senator Renan Calheiros(PMDB-AL), and was part of a sort of package the government to approve the resolution 72/11, which unifies the rate of VAT levied on imported products in interstate operations.
The resolution was approved in late April, but takes effect only from January 2013. The resolution unifies the 4% rate of VAT levied on imported products in interstate operations.
The goal is to end the "war of the ports," in which some state governments offer tax incentives, by reducing the tax rate to attract goods imported into their ports.
Also Tuesday, the Senate approved in the plenary Bill Conversion 15/12 (MP 561/12) amending the rules My House, My Life. The text also includes measures such as installment debts of states and municipalities for the PIS / Pasep and the release of r$ 2 billion in financing for farmers in areas affected by drought and floods. The proposal will be submitted for presidential approval.
Source: G1 News
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This article was translated by an automatic translation system, and was therefore not reviewed by people.