Provisional measure loses validity, and taxes on gasoline and ethanol rise this Thursday

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Taxation on gasoline rose by R$0.34 per liter, and on ethanol it increased by R$0.22 per liter. The initial forecast was that taxes would rise only on July 1st, but the MP that set the date lost its validity. Gas station – gas station – Macapá – Amapá Rafael Aleixo/g1 The Provisional Measure that set lower federal tax rates for gasoline and ethanol expired this Wednesday (28) as it was not voted on by Congress, confirmed the Revenue Secretariat Federal. According to the Brazilian Association of Fuel Importers (Abicom) and the Legal Combustível Institute (ICL), this means that federal taxes on these fuels are already higher as of this Thursday (29). The increase in taxation is R$ 0.34 per liter for gasoline and R$ 0.22 per liter for ethanol, according to information from Abicom. If passed on, the increase will increase the price of these fuels. The forecast was that federal taxes would rise only on July 1, but the end of the validity of the Provisional Measure that brought lower federal taxation brought forward the increase in federal taxes by two days. With the resumption of the full collection of federal taxes, the total taxation on gasoline will advance from 29%, current value, to 35.3% as of this Thursday. That is, more than a third of gasoline will become state and federal taxes. In the case of ethanol, the weight of taxes will rise from 12.9% to 18.8%, informed the Legal Combustível Institute (ICL), based on the value of fuels on June 17. Understand the tax increase Federal taxes on gasoline and ethanol had been zeroed in June 2022 to contain the rise in prices. The measure would expire on January 1, but President Luiz Inácio Lula da Silva (PT) extended the deadline for another two months. In February, the economic team announced a partial increase, with an impact of R$ 0.47 per liter for gasoline and R$ 0.02 per liter for ethanol. To offset revenue from the only partial increase, the government created a tax on crude oil exports. The original deadline was June 30, but the provisional measure that establishes the values ​​and the new tax expires this Wednesday (28), without having been approved by Congress. Therefore, the resumption of full collection from this Thursday (29). Government can act, indicates Haddad In mid-May, the Minister of Finance, Fernando Haddad, indicated, during a public hearing in the Chamber of Deputies, that Petrobras may reduce fuel prices in the coming months to offset the increase in federal taxes expected for July. “With the increase [de tributos] scheduled for July 1st, will be absorbed by the drop in price left for that day. We didn’t download everything we could. Just waiting for the 1st of July, when the export tax ends and the reencumbrance cycle ends”, he declared at the time. With shares listed on the stock exchange, Petrobras disclosed a material fact on the same day. “Petrobras does not anticipate decisions on readjustments and reinforces that there is no decision taken by its Executive Market and Prices Group (GEMP) that has not yet been announced to the market”, informed the company, on May 17. Weight of taxes According to the survey by the Combustível Institute Legal (ICL), the tax burden has some variations according to the states. The difference in value happens because the ICMS (state) taxation on ethanol remains a percentage per liter of the fuel price. In the case of gasoline, anhydrous ethanol is added at a rate of 27% to gasoline purchased at refineries and makes up common gasoline purchased at service stations Brazil Minas Gerais Rio de Janeiro São Paulo Tax reform Fuels should be treated differently in the tax reform, according to the opinion of the rapporteur for the proposal, deputy Aguinaldo Ribeiro (PP-PB). The assessment is that these products do not fit the general regime of incidence of VAT, an acronym for value added tax and which will be the new taxation regime in the country, if the proposal is approved. Aguinaldo’s opinion maintains uniform rates charged in a single stage of the chain, as is the case today with ICMS (state). The form of ICMS collection is recent: it became valid for diesel in May and for gasoline in June. For the president of the ICL, Emerson Kapaz, it remains to be defined what happens with ethanol. Biofuel is not taxed under the new ICMS rule, with a single-phase regime, with collection in a single stage of the production chain. “Since hydrous ethanol is not in the monophase, we want the tax reform to also assume the responsibility of introducing the monophase”, he said.

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