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SÃO PAULO – After announcing a 25% to 12% reduction in the ICMS tax on domestic flights for kerosene, the government João Doria is studying an increase to offset tax exemptions. The information was given by the São Paulo Finance Secretary, Henrique Meirelles, who participated on Thursday (7) organized by XP Investimentos.
At the meeting with investors, Meirelles badured that the law on financial responsibility would be respected. According to him, the government is currently investigating two ways: compensation for the reduction of the perception resulting from the creation of another recurring source of revenue – which means that it can not come from privatization or privatization. 39, a simple economic growth – or postponement of the validity of the measure for 2020.
"This will certainly pbad either by a tax increase of another product, or by a delay [da redução tarifária] for the Next year, "he told reporters.
In case of tax increase As the most likely scenario, Meirelles said that there still was no definition of the types of products likely to be affected by the decision.
According to the secretary, the decision to reduce ICMS airlines is based on macroeconomic and technical studies that: has shown potential for growth in the number of flights, pbadengers in state and stopping places.
In the models studied, Meirelles indicates that there has been an improvement in activity and collection, especially in other areas that can be heated by the measure.
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