Fernando Haddad And Federal Government Expect To Return ICMS Compensation To States Within 4 Years After R$ 45 Billion Loss In National Economy Throughout 2022

Written by Ruth Rodrigues

Published on 09/02/2023 at 00:31

Updated on 21/03/2023 at 02:05

Foto: Renato Braga

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The Expectation Is That the Rapporteur of the Ministry, Fernando Haddad, Will Continue the Decisions for the ICMS Compensation to the States Within 4 Years. The Federal Government’s Objective Is to Find a Middle Ground for the Situation After Significant Losses in the National Economy.

The Federal Government’s projections regarding the ICMS (Tax on Circulation of Goods and Services) compensation to the States are quite optimistic. Under the leadership of the new Minister of Finance, Fernando Haddad, it is expected that the compensation will occur, gradually, within 4 years, by the end of Lula’s Government. The year 2022 saw significant revenue losses for the national economy, but the market is expected to stabilize over the next 4 years.

Federal Government Prepares Gradual ICMS Compensation to States and Hopes to Find Favorable Middle Ground Over the Next 4 Years

The situation of monetary loss over the past year regarding ICMS revenue in Brazil is the main topic in the national economy at the moment.

The Governor of Espírito Santo, Renato Casagrande (PSB), stated this Tuesday that the compensation to States and municipalities for the ICMS revenue loss should be made within 4 years, as provided by the Federal Government.

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The Federal Government’s Objective and That of Fernando Haddad for the Tax Compensation Over the Next 4 Years Is to Find a Middle Ground Consistent with the Brazilian Economy

Casagrande cited a “median” between R$ 13 billion and R$ 45 billion. The Governor of Goiás, Ronaldo Caiado (União Brasil), emphasized that the Federal Government is meeting the needs of the States, even with the installment payment.

“The main interest is the compensation. How will this compensation take place? Will it cover 100% of our losses or will it be divided?” he highlighted.

The specialist also stated that topics such as Difal (Differential Tax Rate), the non-essentiality of gasoline, as well as the withdrawals of Tust (Fee for the Use of the Electric Energy Transmission System) and Tusd (Fee for the Use of the Electric Energy Distribution System) directly impact the ICMS issue.

Now, Haddad continues with the Federal Government seeking measures to ensure a good ICMS compensation amidst economic instability.

Fernando Haddad And Federal Government Expect To Return ICMS Compensation To States Within 4 Years After R$ 45 Billion Loss In National Economy Throughout 2022

The Expectation Is That the Rapporteur of the Ministry, Fernando Haddad, Will Continue the Decisions for the ICMS Compensation to the States Within 4 Years. The Federal Government’s Objective Is to Find a Middle Ground for the Situation After Significant Losses in the National Economy.

Federal Government Prepares Gradual ICMS Compensation to States and Hopes to Find Favorable Middle Ground Over the Next 4 Years

The Federal Government’s Objective and That of Fernando Haddad for the Tax Compensation Over the Next 4 Years Is to Find a Middle Ground Consistent with the Brazilian Economy

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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.

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Fernando Haddad And Federal Government Expect To Return ICMS Compensation To States Within 4 Years After R$ 45 Billion Loss In National Economy Throughout 2022

The Expectation Is That the Rapporteur of the Ministry, Fernando Haddad, Will Continue the Decisions for the ICMS Compensation to the States Within 4 Years. The Federal Government’s Objective Is to Find a Middle Ground for the Situation After Significant Losses in the National Economy.

Federal Government Prepares Gradual ICMS Compensation to States and Hopes to Find Favorable Middle Ground Over the Next 4 Years

The Federal Government’s Objective and That of Fernando Haddad for the Tax Compensation Over the Next 4 Years Is to Find a Middle Ground Consistent with the Brazilian Economy

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.