The state of São Paulo opted on Wednesday (30) to freeze the Tax on the Circulation of Goods and Services (ICMS) on diesel oil, most-favored fuel of truck drivers. The Draft Legislative Decree 14/2022 expressed agreement with Convention 16/22, of Confaz (National Council for Finance Policy), which regulates the diesel tax, and authorized the state to grant a discount of BRL 0.35 per liter of fuel, so that diesel prices will not rise. The Confaz, which is made up of the Secretaries of Finance from all Brazilian states, and the Federal District determined a fixed amount of BRL 1.006 per liter of S-10 diesel, granting the same rate level of November 2021. The tax benefit, which is the discount of BRL 0.35 per liter of diesel S-10, means that there will be no increase in the ICMS charged on diesel in São Paulo. This decree will be valid for at least 12 months.
Source: Canal Rural (*Translated by Ia Niani)