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A study by the Brazilian Federation of Associations of State Tax Inspectors (Febrafite) indicates that emergency aid helped increase ICMS collection from 14 of the Federation’s 27 units in an election year.
The survey was conducted based on data from the collection of states with ICMS for the months of July and August 2020 and 2019. The momentum generated by emergency aid minimized the fall in ICMS revenues, which showed an increase of 0 , 23% on average.
In some states of the country, ICMS tax collection this year exceeded 10% compared to the same period in 2019. The states are: Roraima (17.38%), Mato Grosso (12.68%), Pará (12 , 55%) and Rondônia (11.25%).
According to Febrafite, the withdrawal of the end of the fiscal stimulus, planned for next year, may have the opposite effect, which should require caution from the states not to worsen the fiscal situation.
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Aid extended until December
President Jair Bolsonaro announced the extension of emergency assistance for four months worth R $ 300. The extension of the aid has already been made official through a provisional measure and must now be approved by deputies and senators in the National Congress.
“It is not enough for all needs, but basically it does. The amount just defined is a little more than 50% of the value of Bolsa Família. So, we decided here, even taking into account the economy on fiscal responsibility, to set it at R $ 300, “said Bolsonaro.
This year, the Executive deposited five installments of R $ 600 for aid recipients, with the aim of helping Brazilians low income, informal workers, me, self-employed and unemployed.
