With the drought and its impacts on the crop of Rio Grande do Sul, the soy entrance from other Federation Units is likely to increase in the coming months. The State Revenue will require the Transit Registration in the interstate entries due to the high amount of ICMS tax credits from other states for purchases of soybean. The measure aims to prevent fraud and to protect producers as well as the economy of the state. The new requirement for the sector is in the Normative Instruction RE No. 014/22 and will take effect as of April 1, 2022. In this way, the tax document without a Transit Registration at a Tax Post in Rio Grande do Sul will be declared disreputable. The measure also aims to curb a common scheme from the “bill of sale companies,” which exist with the purpose of issuing false bills of sale to generate credits to other companies in fake operations.
Source: Sec. de Agricultura – RS (*Translated by Ia Niani)