The Law Sanctioned by the Governor of Minas Gerais This Thursday (07) on Taxes Also Covers Other Sources Besides Solar Energy
The Governor of Minas Gerais, Romeu Zema, from the New Party, sanctioned the law that guarantees exemption from the collection of ICMS taxes on equipment, parts, and components used in the installation of micro solar energy generation systems and distributed electrical energy in the State.
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The law numbered 23762/2021, which was sanctioned without any vetoes, establishes that the State of Minas Gerais may grant this ICMS tax exemption for distributed solar energy generation, reducing the rate to 0% after an agreement approved by Confaz. The proposal initially discussed by the Legislative Assembly of Minas Gerais, in PL 4054/2017, aimed to extend the ICMS exemption, created in 2017, to photovoltaic solar energy.
Enhancing and Stimulating GNV
This law also guarantees vehicles powered by compressed natural gas (GNV) the exemption from IPVA taxes only for those manufactured in the State. The Integrated Development Institute of Minas Gerais (Indi) reported that: “Among the main anchors of the solar energy and vehicles sector are Fiat, which has operated in Betim since 1976, Mercedes-Benz, which set up in Juiz de Fora in 1999, and Iveco, which has been in Sete Lagoas since 2000.”
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The prospector who heard about the advance of soy in Maranhão and opened a grocery store in Balsas in 1986 transformed that small store into Grupo Mateus, the third largest supermarket in Brazil, with revenues of R$ 43.5 billion and 490 units.
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Fiserv, the world’s largest payment processor, has just inaugurated its first factory outside Asia in Brazil. The unit in Betim (MG) will produce 100,000 Clover payment terminals per year and is part of a US$100 million investment that includes technology and expansion until 2027.
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Fiserv, the world’s largest payment processor, has just opened its first factory outside Asia in Brazil. The unit in Betim (MG) will produce 100,000 Clover payment terminals per year and is part of a US$100 million investment that includes technology and expansion until 2027.
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Pix could become a headache between Brazil and the US, and the Lula government will go to the White House to explain the system before pressure mounts.
The State of Minas Gerais was one of the leaders in the automotive sector, ranking second with 13% of the national vehicle production. The new sanctioned law came into effect on the 7th, according to the Official Gazette.

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