Bolsonaro Creates Decree Requiring Fuel Stations to Publish Taxation and Petrobras Prices

Written by Flavia Marinho

Published on 23/02/2021 at 12:28

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Bolsonaro Wants to Show How Much State Tax Affects Fuel Prices and Requires Gas Stations to Publish Taxation and Petrobras Prices

President Jair Bolsonaro signed a decree published this Tuesday (02/23) in the Official Gazette of the Union, which requires fuel station owners to visibly show consumers on a panel and on the invoice the federal, state, and municipal taxes as well as Petrobras prices. Stay informed, Petrobras Loses R$ 28 Billion in Market Value in One Day After Changing the State-Controlled Company’s Command

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Bolsonaro wants to show that most of the fuel taxation is not concentrated on federal taxes, but on other taxes that are not under the federal government’s jurisdiction.

The average regional price of fuel at the producer or importer, the reference price used for the ICMS (Tax on Circulation of Goods and Services) charged by the federation units, and the tax amount, in addition to the value of PIS/Cofins and Cide, both charged by the federal government, must be provided.

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Gas Stations Across Brazil Will Have 30 Days to Comply with the Decree

Gas stations will have 30 days to comply, so the idea is that it will come into effect during the federal tax exemption period on diesel, between March and April.

The problem is that the double taxation applied to fuels complicates the lives of gas station owners, who rarely know how much they pay in ICMS. The computer systems contracted by merchants only estimate the amount.

Read the full Decree by clicking here

Bolsonaro Creates Decree Requiring Fuel Stations to Publish Taxation and Petrobras Prices

Bolsonaro Wants to Show How Much State Tax Affects Fuel Prices and Requires Gas Stations to Publish Taxation and Petrobras Prices

Read Also

Gas Stations Across Brazil Will Have 30 Days to Comply with the Decree

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Bolsonaro Creates Decree Requiring Fuel Stations to Publish Taxation and Petrobras Prices

Bolsonaro Wants to Show How Much State Tax Affects Fuel Prices and Requires Gas Stations to Publish Taxation and Petrobras Prices

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