Tax reform should not affect the Free Zone, says Haddad; AM supports text, but asks for specific funding for the state

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Minister of Finance has a sequence of meetings with governors this Wednesday to try to unlock support for the text. States fear loss of collection and autonomy over ICMS. The Minister of Finance, Fernando Haddad, defended again this Wednesday (5) that the tax reform being discussed in Congress does not change the tax benefits that apply to products from the Manaus Free Trade Zone – valid until 2073. given after a meeting with the governor of Amazonas, Wilson Lima (União Brasil) – who said he supported the reform, but asked for the creation of a specific fund to compensate for the state’s losses. According to Lima, the creation of this fund is being “designed” by the Ministry of Finance. According to senator Eduardo Braga (MDB-AM), who also participated in the meeting, the government presented two articles, with the maintenance of the Free Zone and the fund for compensation of losses with collection. Braga claims that Amazonas will be the state with the greatest loss of revenue if the tax reform is approved under the current model. The politician did not detail this calculation. Tax reform challenges: Manaus Free Zone

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