It is important to clarify that the ruling does not alter the merits of the discussion, which has already been settled—that PIS and COFINS cannot be levied on amounts collected as ICMS—but it can limit the scope of the decision's effects; in other words, there may be a modulation of the effects.

Called by many the "thesis of the century," Professor Carrazza disputes the claim of a "hole" in the government's finances. He argues that the federal government was taken by surprise by the Supreme Court's decision is very weak.

The trial is scheduled for April 29, 2021.

News commentary by Angela Sartori, Lawyer and Judge from the Tax and Fees Court of the State of São Paulo, Graduated He holds a law degree from PUC/Campinas. OAB/SP No. 135,642.

Source: Valor Econômico Newspaper