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Cable can be more expensive in Brazil with increased GST, informs research

21/09/2012

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



 


Tribute must go from 10% to 25%, at the end of this year it is expected 17 million subscribers in Brazil
 
SAO PAULO - The Brazilian government must decide next week whether the increase ICMS (Tax on Circulation of Goods and Services) on services of cable TV, which can lead to an increase in consumers' pockets.

According to the Bloomberg site, the tax will rise from 10% to 25%. A decision may be taken at a meeting scheduled for Sept. 28 between Confaz (National Council of Farm Policy) and secretaries of state finances.

According to the publication, the intention is to bring the ICMS tax on cable TV, the same levels of what is charged for telephone services.

Cable TV in Brazil
The text also mentions that subscriptions to cable TV in Brazil must jump from 12.7 million in the last year to 17 million by the end of this year. In 2018, Anatel (National Telecommunications Agency), Brazil should reach 35 million pay TV subscribers.



Source: MSN News

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

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