November 10, 2021

Brazil: Complementary Law No. 186/2021 Allows Extension of ICMS Tax Benefits for up to 15 Years

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On October 28, 2021, the Complementary Law No. 186 was published allowing the extension for up to 15 years of tax or financial-tax exemptions, incentives, and benefits related to ICMS. Such extension covers the following activities: port and airport activities related to international trade; commercial activities; and interstate transporters of agricultural products and in natura vegetable extractives.

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