On Friday (15), São Paulo issued decrees 65,469, 65,470, 65,472 and 65,473/21 revoking the increase in the Tax on the Movement of Goods and Services (ICMS) on food, medicine, agricultural inputs and electricity. In turns, the ICMS tax on diesel and ethanol remains high (13.3%), however, the expectation is that the tax will return to 12%. For the Federation of Agriculture and Livestock of the State of São Paulo (FAESP), the revocation will grant the movements of the sector and will not put pressure on food prices. “The decision of the state government is sufficiently satisfactory to meet the main demands of FAESP, unions and rural producers, which will benefit the whole society. The productive chain realizes that the measures of the public administration will grant stable food prices, fostering the maintenance of jobs in the sector”, says Fábio de Salles Meirelles, president of the system FAESP/ SENAR-SP.
Source: Jornal Cana
*Translated by Ia Niani