Tax measures during COVID-19 times
If the supplementary amendment project is approved and enacted, it should provide significant assistance to companies in the production sector and distributors in general, since these entities, as tax substitutes, must collect the state tax (ICMS) "in advance" from the subsequent taxpayer in the tax chain, i.e., retailers, hypermarkets, gas stations, etc.
Every week, the Federal, State, and Municipal governments have been issuing regulations to help businesses and the general population cope with the crisis caused by COVID-19.
Business owners should be vigilant and take initiatives to mitigate the impacts of the crisis we are facing as much as possible.
At this time, legal advice and counsel is essential for decision-making.
News commented on by Michel Pereira, Lawyer, graduated in Law in 2009 by FMU/SP. Areas of Expertise: Customs Law, Tax Law, and Corporate Law, OAB (Brazilian Bar Association): 295.435 .
News source: Jota




