Brazil ICMS VAT amnesty
Brazil Sao Paulo, the largest business conurbation, has issued details of Brazilian ICMS / VAT amnesty. ICMS is the state level consumption tax. There is also to be a similar amnesty on Brazilian ICMS, which is charged on the cross-State supply of goods.
Any tax payer declaring outstanding taxes may set-up a staged payment plan with the authorities, and eliminate any potential fines. The program extends until the end of May 2013.
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