Brazil - U.S. Business Council

  • About
    • Leadership
    • Meet the Team
    • BUSBC Policy Agenda
    • Events
  • Policy Agenda
  • Newsroom
    • BUSBC 2022 Elections Series
    • Publications
  • Membership
    • Member Companies
    • Sponsorships

Brazil’s Supreme Court gives Congress a year to compensate states on lost revenue from exports    

February 22, 2019 by

The Brazilian Supreme Court, in a temporary ruling Thursday evening, gave Congress another year to find ways to compensate state governments for lost sales taxes on export products. Under a 1996 act, known as the Kandir Law, most export products are exempted from payment of state sales taxes. However, the law provides for federal government compensation to the states for revenue lost under the law. Congress, however, has never acted to provide for the compensation, leading to complaints and suits from state governors. The ruling, given on a temporary basis by a single judge, could still be overturned by the full court.

Link to government news agency release

More Testimonials

Filed Under: Uncategorized

Brazil In The News

Brazil-U.S. Business Council

View All Brazil News Alerts

Upcoming Events

  1. The U.S.-Brazil Clean Energy Industry Dialogue

    August 18 @ 2:30 pm - 5:45 pm UTC+0

View All Events

Connect With Us

Brazil-U.S. Business Council
1615 H Street NW
Washington, DC 20062

Phone: 202-463-5729
Email: brazilcouncil@uschamber.com

  • Facebook
  • LinkedIn
  • Twitter
Copyright © 2022 | Brazil-U.S. Business Council | Privacy Policy