Stations will have to display fuel prices before and after the ICMS reduction - Portal CM7 - Notícias de Manaus i AmazonasEnglish 

Stations will have to display fuel prices before and after the ICMS reduction – Portal CM7 – Notícias de Manaus i Amazonas

Written by Fanny on July 7, 2022 at 8:31 am | Updated July 7, 2022 at 8:36 am

Brazil – Starting this Thursday (7), gas stations throughout the country must publish, in a “correct, clear, precise, visible and legible” way, the fuel prices charged in each company on June 22, 2022, “in order to consumers could compare with the prices charged at the time of purchase”.

The provision, which is in force until December 31, 2022, is contained in Decree no. 11.121, published in The official journal of the Trade Union of today.

With this measure, the government intends to allow consumers to compare the current price with what was charged before the law, which did not allow federal units to collect ICMS at a percentage above the rate of 17% or 18%, depending on the location. The law was signed on June 24.

The decree published today also states that gas station owners must separately report the approximate amount related to the tax on goods traffic and the provision of interstate and intermunicipal transport and communication services (ICMS); the amount related to programs of contribution to social integration and creation of property for public servants (PIS/Pasep); and Contribution to the financing of social insurance – Cofins; and, also, the amount related to the contribution for interventions in the economy that is levied on the import and circulation of oil and its derivatives, natural gas and its derivatives, and ethyl alcohol fuel (Cide-fuel).

*With information from Agência Brasil*.

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