Brazilian non-ferrous industry supports single ICMS tax

Apr 29, 2012 | 09:00 PM |

Brazil’s aluminium assn, Abal, has said it supports the approval given by the country’s senate to a single 4% tax rate on imported manufactured goods traded between states (ICMS). The group adds, however, that this was just the first step towards addressing a greater problem. “ICMS unification is a way to discourage states in Brazil that concede tax benefits to imported products. Still, that is only a start,” Jose Carlos Kleinhappel,....

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