Virtual event hosted by the AfroChamber brought together tax and export specialists on Thursday (18). Arab Chamber secretary-general Tamer Mansour was featured.
Browsing: taxes
Countries cut import duties to zero to facilitate the influx of foodstuffs, medicines and individual protection equipment, and forbid exports of goods considered essential during the crisis. Apex-Brazil covered the matter in an online conference and gave some examples.
Price index recorded a year-on-year 1.1% decrease.
Drinks with sugar or other sweeteners will be taxed by 50% starting in the next year in the Arab country. Electronic smoking devices will be taxed by 100%. The government’s goal is to encourage healthy habits among the people.
Federal revenue reached almost USD 32 billion in the month, up 4.7% from a year ago, when the truckers’ strike impaired collection.
Federal government collected USD 28 billion last month, a 0.58% drop over March last year.
State’s government announced a reduction from 25% to 12% in the ICMS aliquot charged on the fuel.
Federal tax collection rose 2% in Brazil last month in comparison to the same period of 2017. It was the highest amount since 2015.
A refund system of the value-added tax on goods and services will be implemented in this year’s Q4.
