Diesel And Cooking Gas Have Federal Taxes (PIS) And (Cofins) Eliminated By Decree Made Yesterday (03/01) By Bolsonaro; Measure Is Already In Effect

Written by Flavia Marinho

Published on 02/03/2021 at 16:54

ZERO IMPOSTO DIESEL E GÁS DE COZINHA

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Zero Taxation on Diesel Applies to March and April 2021. Regarding Cooking Gas, the Measure is Permanent and Has No Deadline for Termination

President Jair Bolsonaro issued a decree and a provisional measure last night (03/01) that eliminates the rates of the Social Integration Program and Public Servant Asset Formation Contribution (PIS) and the Contribution for the Financing of Social Security (Cofins) levied on the sale and import of diesel oil and cooking gas (LPG). The new rate takes effect immediately.

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Regarding diesel, the reduction will be valid during March and April. As for LPG, or cooking gas, the measure is permanent. The reduction for gas only applies to LPG intended for domestic use and packaged in containers of up to 13 kilograms.

“Both measures aim to mitigate the effects of price volatility and fluctuations in the exchange rate and oil prices in the international market,” said the Secretary-General of the Presidency of the Republic.

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To ensure compliance with the Fiscal Responsibility Law, a provisional measure increasing the Social Contribution on Net Profit (CSLL) for financial institutions was also issued by Bolsonaro, modifying the rules for the Tax on Industrialized Products (IPI) for vehicle purchases by people with disabilities and ending the Special Regime for the Chemical Industry (Reiq).

“To ensure that the end of the Reiq does not impact measures to combat Covid-19, a presumed credit was provided for companies manufacturing products intended for use in hospitals, clinics, medical offices, and vaccination campaigns that use petrochemical inputs in the manufacture of these products, which should neutralize the effect of the end of the regime for these industries, lasting until the end of 2025,” the Secretary-General informed.

According to the report, the new IPI rules take effect immediately. The increase in CSLL and the end of the Reiq will take effect on July 1.

The measures to reduce PIS and Cofins on diesel and LPG will result in a tax burden reduction of R$ 3.67 billion in 2021 in this sector. For 2022 and 2023, the reduction of taxation on cooking gas will imply a revenue drop of R$ 922.06 million and R$ 945.11 million, respectively.

See Bolsonaro’s Statement on Zero Taxation of Federal Taxes (PIS and Cofins) on Diesel and Cooking Gas

– DIESEL OIL and COOKING GAS.
– Zero Federal Tax.

– Decree 10,638 of 03/March/2021 ELIMINATED all federal taxes on diesel oil for 2 months. They were R$ 0.35 per liter.

– We also ELIMINATED all federal taxes on the cooking gas cylinder (13 Kg). pic.twitter.com/Xpzf1fiNqI

— Jair M. Bolsonaro (@jairbolsonaro) March 2, 2021

Diesel And Cooking Gas Have Federal Taxes (PIS) And (Cofins) Eliminated By Decree Made Yesterday (03/01) By Bolsonaro; Measure Is Already In Effect

Zero Taxation on Diesel Applies to March and April 2021. Regarding Cooking Gas, the Measure is Permanent and Has No Deadline for Termination

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See Bolsonaro’s Statement on Zero Taxation of Federal Taxes (PIS and Cofins) on Diesel and Cooking Gas

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Diesel And Cooking Gas Have Federal Taxes (PIS) And (Cofins) Eliminated By Decree Made Yesterday (03/01) By Bolsonaro; Measure Is Already In Effect

Zero Taxation on Diesel Applies to March and April 2021. Regarding Cooking Gas, the Measure is Permanent and Has No Deadline for Termination

Read Also

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See Bolsonaro’s Statement on Zero Taxation of Federal Taxes (PIS and Cofins) on Diesel and Cooking Gas

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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Tire road? Thousands of shredded tires were secretly placed under a ramp in California, preventing a one-year delay in a project on weak soil and supporting a 26-foot-high structure in a corridor connected to I-880.

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