Supreme Court Considers ICMS Credit for Inputs in Export Goods

Written by Corporativo

Published on 23/09/2023 at 06:10

Foto: Priscyla Costa

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Crucial Ruling For Exporters Defines Use Of ICMS Credits

At the end of this month, the eyes of exporters will be on the Federal Supreme Court (STF). The reason? A decision that could change the financial landscape for those operating in the foreign market. The discussion involves the possibility of generating ICMS credits on the acquisition of fixed assets and materials for use and consumption employed in the production of goods intended for export. As it has General Repercussion, the verdict will affect all taxpayers, and the ruling will take place between September 22 and 29 in the virtual plenary.

What Is At Stake?

To better understand, materials for use and consumption, such as office and cleaning supplies, are not used as inputs nor sold. On the other hand, fixed assets, also known as non-current assets, refer to long-lasting goods used for exploitation, such as facilities and equipment.

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Supreme Court Considers ICMS Credit for Inputs in Export Goods

Crucial Ruling For Exporters Defines Use Of ICMS Credits

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Supreme Court Considers ICMS Credit for Inputs in Export Goods

Crucial Ruling For Exporters Defines Use Of ICMS Credits

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

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.

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.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

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.

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.

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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