Monday, March 1, 2021

Bolsonaro defends ICMS reduction on fuels and asks the market not to be ‘irritated’ – Prime Time Zone

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The president hopes to present this Friday, 12, a decree to reduce the tax rate, which, according to him, should be charged only on the price of refineries.

DIDA SAMPAIO / ESTADÃO CONTENTJair Bolsonaro also explained that a decree should be issued showing the driver how much he pays tax, distribution and the profit margin of the stations.

The president Jair Bolsonaro said it hopes to present a decree this Friday, 12, to reduce the rate of the ICMS about the fuels. Even with the resistance of the governors, the representative wants the states to charge a fixed amount on fuels, not a percentage, and that the tax be charged on the price of the refinery. THE Ministry of Economy delayed and still has not presented the proposals to the president, who again complained about double taxation and informed, this Thursday, that the National Council of Farm Policies, will be called to take a position on the matter to correct, according to him, the current distortions that exist in the country. “The ICMS not only affects the fuel price at the refinery, but also affects the PIS / Cofins, affects the existence of Cide, affects the profit margin of the service stations, affects the distribution cost and levies on the ICMS itself. This is crazy”.

Jair Bolsonaro also explained that a decree should be issued showing the driver how much he pays for tax, distribution and the profit margin of the service stations. In practice, the president wants to share responsibilities, since the big complaint is that when fuel prices go up, it seems that the responsibility is entirely the federal government’s. He maintains the intention to also reduce the rate of PIS / Cofins, but admits that arm wrestling with the economic team is not easy. Bolsonaro also stated that the goal is to make changes with ease and sent a message to the financial market. “So let’s stop being annoyed that it won’t get anywhere, we are looking for solutions. One of the ways to reduce fuel is if the dollar falls in here, but any business, any act in the press is this irritated market. The dollar goes up, everybody loses with that, people ”, he said. The president also justified that the increase in fuel prices is the result of structural problems and the diversion of Petrobras’ resources in recent years, since Brazil still depends on foreign refineries.

* With information from reporter Luciana Verdolin

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Bolsonaro defends ICMS reduction on fuels and asks the market not to be 'irritated' - Prime Time Zone