Brazil Brazil caps ICMS on fuel, electricity and public transport on inflation worries 23 July 202286 views1 min read 11.9% inflation prompts Brazil to limit ICMS (VAT) on range of supplies to 18%; states to challenge as unconstitutional Source vatcalc Rate Brazil Tax Agency Releases Updated Version of Electronic Bookkeeping Platform for ICMS, IPI Brazil Establishes Maximum State VAT (ICMS) on Fuel, Electricity, Communications, and Public Transport
