If approved, the project will reduce taxes on fuel prices in Brazil. The measure still encounters resistance, although supported by the government.

Complementary Bill (PLP) 18/22 establishes a ceiling of 17% for the incidence of Income Tax on Goods and Services (ICMS) on fuels and energy. The text of the document was presented in the Senate this week, paving the way for a vote on Monday. The objective is to lower the price of fuel in Brazil by changing the tax burden on the product.

In the PLP presented in the Senate and supported by the federal government, the forecast aims to replace the drop in revenue if it exceeds 5%. Thus, the value of taxes would be deducted from the States to the Union in replacement of debt service. The problem is that there are states that are not indebted to the Federation.

It has two compensation mechanisms for States that do not owe to the Union. The first way is to link the revenues incurred to the Union for Financial Compensation for Mineral Exploration (CFEM). You could make a direct connection to compensate for these five states.

The estimated loss of these states if they lose is R$ 3 billion, said the texts rapporteur, Senator Fernando Bezerra (MDB-PE). half of the year so that they have funds to pay for investments and thus ease their cash flow, he stressed. The information was also released by Correio Braziliense.

What should the fuel scenario look like?

First, understand that state tax collection will be more affected if the PLP is approved. However, there is great confidence that the price of fuel will decrease for consumers.

At least some experts believe the value will no longer increase at an unprecedented rate. However, everything also depends on external factors, such as the price of oil and the appreciation of the dollar.

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