Fernando Haddad Awaits President's Approval to Suspend Federal Tax Exemption on Fuels Such as Gasoline and Ethanol

Fernando Haddad Awaits President’s Approval to Suspend Federal Tax Exemption on Fuels Such as Gasoline and Ethanol

Written by Ruth Rodrigues

Published on 13/01/2023 at 12:51

Updated on 18/01/2023 at 20:14

Foto: Breno Esaki/Especial Metrópoles

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The Measure to Extend the Exemption of Federal Taxes on Gasoline and Ethanol Was Taken in One of the First Acts of the Lula Administration. Minister Fernando Haddad Awaits the Green Light from the President to Suspend the Exemption as a Means of Revenue Collection.

After the events held in Brasília last Sunday (01/08), the Lula Administration is working to maintain the agenda and continue with the progress of the projects for the month of January. Among them is the discussion about the end of the exemption on the collection of federal taxes on ethanol and gasoline, after the extension of the exemption until the end of February. The Minister of Finance, Fernando Haddad, is only waiting for the green light from the president to move forward with the action.

The End of the Exemption of Federal Taxes on Gasoline and Ethanol Is Expected in the Coming Months as a Measure to Minimize the Deficit of the Public Treasury

After eliminating federal taxes (PIS/Cofins) and the measure having been extended by President Lula until the end of February in one of his first acts in the current government, Minister of Finance Fernando Haddad continues to prepare for the end of the exemption.

Currently, according to the minister himself, he is only waiting for the green light from the head of the executive to prepare the suspension of the exemption as early as March.

ARTICLE CONTINUES BELOW

Lula Administration Aims to Continue with the Agenda of Projects and Announcements This Week After Attacks on Brasília, Confirms Haddad

The announcement regarding the next steps of the Lula Administration for the collection of federal taxes on gasoline and ethanol is expected to happen later this week.

The Minister of Finance continues with his actions and has already assigned some tasks to his secretaries regarding the project, even before the announcement.

After meeting with his team, Haddad met with the Minister of Planning and Budget, Simone Tebet. He then presented the first details to President Lula.

The president himself instructed the Minister of Finance to make the announcement later this week, in a move to empower and normalize the activities of the Lula Administration after the attacks in Brasília.

Haddad may face strong criticism regarding the resumption of federal tax collection on gasoline and ethanol in the coming days, but the measure is necessary at a time of economic instability in the government.

Fernando Haddad Awaits President’s Approval to Suspend Federal Tax Exemption on Fuels Such as Gasoline and Ethanol

The Measure to Extend the Exemption of Federal Taxes on Gasoline and Ethanol Was Taken in One of the First Acts of the Lula Administration. Minister Fernando Haddad Awaits the Green Light from the President to Suspend the Exemption as a Means of Revenue Collection.

The End of the Exemption of Federal Taxes on Gasoline and Ethanol Is Expected in the Coming Months as a Measure to Minimize the Deficit of the Public Treasury

Lula Administration Aims to Continue with the Agenda of Projects and Announcements This Week After Attacks on Brasília, Confirms Haddad

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Fernando Haddad Awaits President’s Approval to Suspend Federal Tax Exemption on Fuels Such as Gasoline and Ethanol

The Measure to Extend the Exemption of Federal Taxes on Gasoline and Ethanol Was Taken in One of the First Acts of the Lula Administration. Minister Fernando Haddad Awaits the Green Light from the President to Suspend the Exemption as a Means of Revenue Collection.

The End of the Exemption of Federal Taxes on Gasoline and Ethanol Is Expected in the Coming Months as a Measure to Minimize the Deficit of the Public Treasury

Lula Administration Aims to Continue with the Agenda of Projects and Announcements This Week After Attacks on Brasília, Confirms Haddad

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

After nearly three decades and more than 1 million cars produced, Toyota will close the historic Indaiatuba plant on June 30 and concentrate Corolla production in Sorocaba, as part of an R$ 11 billion plan that heavily invests in flex hybrids and even an unprecedented pickup.

The number of Brazilian meatpacking plants with suspended meat sales to China rises to five, after the Chinese blocked the JBS unit in Vilhena due to the presence of hormones in the shipments, adding extra pressure on the sector on the eve of the 2026 export quota being exhausted.

How much does it cost to live with dignity in Brazil? A study found that in all 79 regions analyzed, the necessary salary was above the minimum of R$ 1,621. In São Paulo, a family of four needs R$ 6,155 per month.

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The race of humanoid robots in factories has truly begun, Hyundai announced that it will deploy more than 25,000 units of Atlas in its production lines starting in 2028, in a partnership that involves Boston Dynamics and training with Google DeepMind.

After nearly three decades and more than 1 million cars produced, Toyota will close the historic Indaiatuba plant on June 30 and concentrate Corolla production in Sorocaba, as part of an R$ 11 billion plan that heavily invests in flex hybrids and even an unprecedented pickup.

The number of Brazilian meatpacking plants with suspended meat sales to China rises to five, after the Chinese blocked the JBS unit in Vilhena due to the presence of hormones in the shipments, adding extra pressure on the sector on the eve of the 2026 export quota being exhausted.

How much does it cost to live with dignity in Brazil? A study found that in all 79 regions analyzed, the necessary salary was above the minimum of R$ 1,621. In São Paulo, a family of four needs R$ 6,155 per month.