1. Home
  2. / Oil and Gas
  3. / Combating the Illegal Fuel Market
Reading time 2 min of reading Comments 0 comments

Combating the Illegal Fuel Market

Written by Corporativo
Published on 16/04/2024 at 16:17
Presidente do ICL fala sobre mercado irregular de combustíveis
Foto: Rodrigo Dutra
Seja o primeiro a reagir!
Reagir ao artigo

Emerson Kapaz Highlights Measures Against Tax Illegality at Seminar

The President of the Legal Fuel Institute (ICL), Emerson Kapaz, has a scheduled commitment for the upcoming meeting at the seminar “Fight Against Illegal Brazil”. The event will take place at CNI headquarters in Brasília, featuring in-depth discussions on irregular tax practices that harm the country’s economy. The session will be streamed online, allowing remote access for interested parties from all over Brazil.

Discussion Panel on Fiscal Damages

Emerson Kapaz will mediate the panel “The Fiscal Damage of Illegal Brazil”, which starts at 10 AM and promises an enriching debate on the adverse effects of illegal markets on tax collection and its return to society. The focus will be on the specific scenarios of the states of São Paulo and Rio de Janeiro, as well as the national landscape. This panel is supported by the industrial federations FIESP and Firjan.

The debate will address the importance of the effective implementation of thesingle-phase ICMS taxation system, where the uniform national rate is applied directly at production or import. Kapaz will emphasize how this system aids in reducing tax evasion and simplifying tax control, enhancing the efficiency of regulatory bodies.

Strategies Against the Chronic Debtor

Additionally, Kapaz will discuss the challenges faced by the fuel market due to tax evasion and delinquency practices, stressing how thesingle-phase regime creates a less favorable environment for chronic debtors. He will also highlight the need to expand this system to hydrated ethanol, aiming to ensure tax equity among the various fuels available in the market.

According to studies by the Getúlio Vargas Foundation (FGV) in collaboration with the ICL, tax frauds perpetrated by chronic debtors account for annual losses of around R$ 14 billion. The classification of chronic debtors as a federal crime, currently under discussion in Bill 164/2022, is seen by Kapaz as essential to effectively combat this issue and regularize the market.

Kapaz concludes with the expectation that the approval of PLP 164/2022 will occur still in 2024, which would be a significant step towards eliminating market distortions caused by entities operating illegally, harming fair competition and adequate tax collection.

The discussion proposed by Kapaz at the seminar is crucial for understanding the complexity and magnitude of the challenges faced by the fuel sector in Brazil and the effective strategies to tackle these obstacles.

Source: Rodrigo Dutra.

Inscreva-se
Notificar de
guest
0 Comentários
Mais recente
Mais antigos Mais votado
Feedbacks
Visualizar todos comentários
Corporativo

CPG Informes Corporativos é destinado a notícias sobre eventos, projetos e comunicados de empresas do Brasil e do mundo!

Share in apps
0
Adoraríamos sua opnião sobre esse assunto, comente!x