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Merchants may have to inform tax exemption on products

30/10/2012

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


 




Bill wants to alert consumers about the effect of tax exemption on final pricing
 
SAO PAULO - The House of Representatives examines a bill requiring businesses to disclose information about the exemption of federal, state or municipal levied on goods or services offered for sale.

According to PL 4335/12 by Deputy Polycarp (PT-DF), the information included in the documents issued or equivalent tax on sale of goods or services. The information may also include panel affixed in a conspicuous place of the establishment or by any other electronic or printed.

According to the deputy, the goal of the measure is to alert consumers about the effect of tax exemption on the final pricing of products and services. "The citizens are unaware that some tributes left to compose the sale price of a particular commodity or service, restricting the consumer's right to demand fair market prices," he argues.

Who violate the measure will be subject to penalties under the Consumer Protection Code (Law 8.078/90), ranging from fines to revocation of license of the establishment. According to the Agency Board, the project is awaiting inclusion in the agenda of the Plenary.

Tributes
Under the bill, the exemption shall be computed on the following taxes:

- ICMS (Tax Transactions in Goods and Supply of Services on Interstate and Intermunicipal Transportation and Communication);

- ISS (Tax on Services of any kind);

- IPI (Excise Tax);

- IOF (Tax on Credit, Exchange and Insurance or Relating to Bonds and Securities);

- Income Tax and Earnings of any nature;

- CSLL (Social Contribution on Net Income);

- PIS (Social Contribution for the Social Integration Program) and the Pasep (Training Program of the Civil Service Asset);

- Confins (Contribution to Social Security Financing);

- Cide (Contribution for Intervention in the Economic Domain levied on the import and marketing of oil and oil products, natural gas and their derivatives, and ethanol fuel).



Source: Infomoney

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

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