Doria announces ICMS reduction for bars and restaurants in São Paulo

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Governor João Doria (PSDB) announced this Wednesday, 15, a reduction in ICMS of the sector of bars and restaurants in the state. According to the governor, the rate, which is currently 3.69%, drops to 3.2%.

With the reduction, the state will no longer collect 100 million reais a year. According to the secretary of Finance and Planning, Henrique Meirelles, these companies all suffered the impact of the pandemic.

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“The reduction will benefit around 250 thousand companies and this was only possible after many conversations with the sector. That means a 13% reduction in cost. The benefit is necessary for this sector that employs the most in the state”, explained Meirelles at a press conference at Palácio dos Bandeirantes.

On the same occasion, Doria also announced an investment program of 47.5 billion reais in works that will be carried out by the end of 2022. According to the governor, there are 8,000 works that will generate 200,000 direct jobs.