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The Oil Sector Will Have a Reduction in ISS in Rio

Written by Paulo Nogueira

Published on 30/09/2017 at 16:38

Oil and Gas

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To Stir More Investments From Oil Companies in Rio, Marcelo Crivella Will Reduce ISS and Bring More Oil Companies

The oil from Rio de Janeiro is on its way to another important step for the state’s economic recovery. Marcelo Crivella has a Bill (PL) that will reduce the Service Tax (ISS) percentage for oil companies operating in the city.

Nowadays, companies are required to pay 5% of this rate to the public coffers, as an example Macaé, which only didn’t completely collapse amid this crisis because there are still companies in the sector operating in the city. If this law comes into effect in the short term, this reduction will drop to 2%. It may not seem like much at first glance, but for an industry that generates billions annually, it will be a savings of millions that can be reinvested in job creation and economic injection.

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´Petróleo e gás

Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

The Oil Sector Will Have a Reduction in ISS in Rio

To Stir More Investments From Oil Companies in Rio, Marcelo Crivella Will Reduce ISS and Bring More Oil Companies

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The Oil Sector Will Have a Reduction in ISS in Rio

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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.

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Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

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