The National Council for Fiscal Policy (CONFAZ) made available on its website the collection bulletins of state taxes with the closing of data relating to fiscal year 2018.
The collection bulletin presents the performance of the collection of the following state taxes: ICMS, IPVA, ITCMD, and fees of all Brazilian states.
The nominal growth of state collections, compared to 2017, showed a percentage increase of 7.85%. As the main state tax, ICMS had an increase of 7.63%.
According to the survey, the nominal collection value of state taxes of the 27 federative units reached the figure of R$ 566.888 billion, against R$ 525.610 billion in 2017.
ICMS had a collection of R$ 479.664 billion, compared to R$ 445.653 billion in 2017.
The collection bulletin allows consultation of the performance of state tax collection from 1998 to 2018. Click here to access other information.
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ICMS is the acronym that identifies the Tax on Operations relating to the Circulation of Goods and on the Provision of Interstate and Intermunicipal Transport and Communication Services. It is a tax that each of the States and the Federal District may institute, as determined by the Federal Constitution of 1988.
To operate in a line of activity reached by the tax, the person, whether an individual or a legal entity, must register in the ICMS Taxpayers’ Registry. A non-registered person must also pay the tax when importing goods from another country, even without habituality or commercial intent.
This tax may be selective. In most cases, ICMS, which is embedded in the price, corresponds to the percentage of 18%. However, for certain basic foodstuffs, such as rice and beans, the ICMS charged is 7%. In the case of products considered superfluous, such as, for example, cigarettes, cosmetics, and perfumes, the percentage of 25% is charged.
ICMS is a non-cumulative tax, with the amount due in each operation or provision being offset against the amount previously charged. At each stage of the circulation of goods and in every provision of service subject to ICMS, an invoice or tax receipt must be issued. These documents shall be recorded in the tax books so that the tax can be calculated by the taxpayer and collected by the State.
For the State of São Paulo, ICMS is the largest source of financial resources and, so that the government can adequately meet the needs of the population, it is important that the citizen always demand the invoice or tax receipt and that they be attentive to defending the proper use of public resources.
Sources: CONFAZ and Government of SP
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