News International Sugar Journal

Brazil – Reimplementation of taxes on gasoline boon for ethanol sector [Registered]

In order to generate the extra revenue, both the Cide (Contribuições de Intervenção no Domínio Econômico) tax as well as the PIS/Pasep (Programa de Integração Social/Programa de Formação do Patrimônio do Servidor Público) and Cofins (Contribuição para o Financiamento da Seguraridade Social) levies will be increased, Mr Levy added. Originally it was planned to raise only the Cide tax. In February the rate increase will be facilitated through a change in the PIS/Cofins tax. On May 1, 2015, the increase will be split between the PIS/Cofins and the Cide tax.…

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