Brazil ICMS VAT amnesty
- May 23, 2013 | Richard Asquith
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.