Brazil: Confaz published 3 new ICMS Agreements

On September 2, 2019, Brazil`s National Council of Finance Policy (Confaz) published 3 new ICMS agreements:

 

ICMS AGREEMENT No. 139

Authorizes the State of Piauí to institute an amnesty program for ICM and ICMS-related tax debts as specified.

 

ICMS AGREEMENT No. 140

Provides for the accession of the State of Roraima to the provisions of §§ 4 of clause 8 and clause ninth of ICMS Agreement 190/17, which provides, under the terms authorized by Supplementary Law no. 160, of August 7, 2017, on the remission of tax credits, constituted or not, arising from exemptions, incentives and tax or financial-tax benefits imposed in disagreement with the provisions of item “g” of paragraph XII of § 2nd of art. 155 of the Federal Constitution, as well as the corresponding reinstitutions.

 

ICMS AGREEMENT No. 141

Provides for the accession of the states of Mato Grosso and Mato Grosso do Sul to the provisions of clause three of ICMS Agreement 67/19, which authorizes the State of Rio Grande do Sul not to require the amounts corresponding to the ICMS supplementation withheld for tax replacement, fine and interest for late payment and fine for non-delivery of the information sheet, as specified.

 

These regulatory changes could affect your business with view to customizing or support of your ERP/SAP system. Please contact us to learn about possible necessary reactions to the changes – we are happy to assist you!