The government (Republicans) announces this Wednesday (18) another phase of the process of eliminating the so-called regime of
Considering as a calculation basis an estimate of the value of the final sale to the consumer within the same state.
“Since the government plan we presented during the campaign, we have put an end to this regime as a specific and fundamental objective”, says the state secretary of Finance and Planning, Samuel Kinoshita. “Fortunately we are implementing it in a dosed way”, he declares.
In the São Paulo government’s assessment, this mechanism generates complexity, inhibits productivity and, as it is charged to the producer, discourages economic activity and job creation. Furthermore, it is incompatible with the new rules created by tax reform. “If this was ever justified, we realized that there was overuse,” says Kinoshita.
The phase-out has been taking place since last year. Today’s ad is the third, covering 50 items, including ceramic tiles, mineral water, ice cream and stationery products.
The measure will come into force in July, and when it is fully in force, 33% of the state’s products will be outside the regime, responsible for 25% of the revenue arising from the modality.
According to Kinoshita, there will still be new rounds of elimination of tax substitution, although he assesses that it is not realistic to eliminate this system 100%. “What matters is the state government’s commitment to simplification and efficiency in the tax system”, says the secretary.
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