Brazil ICMS VAT amnesty

Brazil Sao Paulo, the largest business conurbation, has issued details of Brazilian ICMS / VAT amnesty.  ICMS is the state level consumption tax.  There is also to be a similar amnesty on Brazilian ICMS, which is charged on the cross-State supply of goods.

Any tax payer declaring outstanding taxes may set-up a staged payment plan with the authorities, and eliminate any potential fines.  The program extends until the end of May 2013.

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