Clipping of news on Brazilian Culture, Law and Citizenship
05/11/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Enhancement would result in an injunction issued by the Supreme Court
SAO PAULO - The price of cell phones, laptops and tablets can get up to 10% more expensive from this Thursday. The alert is the president of Abinee (Brazilian Association of Electrical and Electronics Industry), Humberto Barbato.
The enhancement would result from an injunction granted by the Minister of the Supreme Court (Supremo Tribunal Federal), Celso de Mello, to ADIN (Direct Action of Unconstitutionality) 4635. The ADIN was proposed by the State of Amazonas, contesting incentives ICMS (Tax on Circulation of Goods and Services) granted by the State of São Paulo for technology products - ICT (Information and Communication Technology).
For Barbato, the injunction leaves the industry in extremely delicate situation, harming investment plans in the sector, and probably acirrarando fiscal war between the states. "The war tax and legal uncertainty may even force the government of São Paulo to adopt retaliatory measures," he says.
injunction
Apart from mobile phones, tablets and notebooks, the Supreme Court decision also affects products like desktops, servers, monitors, printers, business automation, banking, industrial, and semiconductor components and telecommunications infrastructure.
The percentage of the price increase, the president of the Association finish depends on the ICMS rate, ranging from 12% to 18%.
Source: MSN News
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This article was translated by an automatic translation system, and was therefore not reviewed by people.