On 11 July 2019, the Brazilian National Council of Finance Policy (CONFAZ) published regulations (ICMS Agreement No. 133/2019) allowing the states to extend deadlines for granting certain tax incentives. CONFAZ is the government agency made up of finance representatives from all states and is responsible for promoting unity among the states regarding the ICMS (the state value-added tax on goods and services).
Source: Deloitte
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