Reduction of tax on electricity is confirmed in 18 states

After the Federal Government sanctioned the law that limits to 18% the ICMS (Tax on Circulation of Goods and Services) of electricity, 17 Brazilian states and the Federal District have already adhered to the tax reduction. In addition, to adapt to these changes, the federative units must also apply the measure in other sectors, such as fuel. See more about ICMS on electricity.

Read more: 17% ceiling on ICMS aims to reduce fuel prices; understand

According to a publication made by the Ministry of Mines and Energy on July 12, the reduction in the value of the energy bill across the country should be 19.5%. To calculate this drop in values, in addition to the change in ICMS, a contribution was taken into account that must be made after the appreciation of Eletrobras shares, due to its privatization. With this, a reduction of 2.5% in bills is estimated.

States that adopted the change in ICMS

The states that have already adhered to the changes in the Tax on Circulation of Goods and Services are:

• Acre: reduction from 25% to 17%;
• Alagoas: 17% rate;
• amazon: 18% rate;
• Ceará: 18% rate;
• Federal District: 18% rate;
• Holy Spirit: aliquot;
• Goiás: reduction from 29% to 17% in the rate;
• Mato Grosso do Sul: went from 25% to 17%;
• Minas Gerais: reduction in the rate from 30% to 18%;
• For: went from 25% to 17%;
• Paraíba: new rate of 18%;
• Paraná: reduction from 29% to 18%;
• Rio de Janeiro: 18% rate;
• Large northern river: 18% rate;
• Rio Grande do Sul: dropped to 17%;
• Rondônia: rate of 17.5%;
• São Paulo: 18% rate;
• Santa Catarina: dropped to 17%.

Other states, such as Maranhão, Pernambuco and Piauí, have their ICMS reduction bills being evaluated by deputies, all of them with an 18% rate. In the case of Mato Grosso, a rate was already established below the ceiling that has just been set.

Furthermore, it is also possible to monitor the reduction in fuel prices, with changes in the average price of a liter of gasoline.