Brazil: Supplementary Law # 192 – Introduction of single-stage ICMS tax regime and of PIS and COFINS zero rate transactions with fuels
In brief On March 11, 2022, Supplementary Law # 192 introduced the single-stage ICMS tax regime on transactions with fuels. This new law aims at reducing the final customer’s tax burden on transactions with the following fuels: gasoline; anhydrous ethanol fuel; diesel; biodiesel; liquefied petroleum gas; and natural gas. Moreover, Supplementary Law # 192 temporally […]