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Silvania Tognetti, Brazil, Pereira Neto, Galdino, Macedo Advogados ...

Silvania Tognetti, Brazil, Pereira Neto, Galdino, Macedo Advogados ...

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States War: ICMS<br />

26 States have the power to enact their own ICMS law,<br />

collect it, interpret it and judge the taxpayers defenses on<br />

tax assessments.<br />

Tax incentive on ICMS depends on approval of all States<br />

(Confaz).<br />

When the tax incentive is unilaterally enacted by a certain<br />

State, the Supreme Court must review the constitutionality<br />

of the State Law.<br />

States decided to disregard tax credits on acquisition of<br />

goods from a company that is entitled to a tax incentive in<br />

one State that was not regularly approved by all States.

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