According to the Ministry of Mines and Energy (MME), a reduction in the electricity bill is expected through the new calculation rule for GST (ICMS).
Electricity bill: New calculation basis can reduce the amount that the end consumer has to pay
Therefore, the countries that have implemented the changes stipulated in Supplementary Law No. 194/2022 are already benefiting their citizens, and this highlights the recent official disclosure. According to the Ministry of Mines and Energy (MME), the law lowered ICMS tax rates on electricity, fuelTelecommunications and transportation.
Average reduction 6.5%
The rate of reduction in the electricity bill was 6.8%. And it could drop another 6.5%, on average, when states regulate the basis of ICMS computation, according to information from the Ministry of Mines and Energy (MME).
New ICMS base
For example, Espírito Santo and Minas Gerais have already taken measures to make the new computational basis for the Goods and Services Circulation Tax (ICMS) effective, furthering the goal of federal law. In these states, the additional reduction in the electric bill can, on average, be as high as 6.5%, according to the Department of Mines and Energy (MME).
However, some states still maintain ICMS collection based on the inclusion of transmission and distribution services and sector fees in electricity operations.
Procedures must be regulated in each state
With each passing month, consumers in these states fail to realize the full benefits of the tax measures. According to the Ministry of Mines and Energy (MME), it is necessary for states to issue supplemental regulations to increase legal certainty so that transmission and distribution costs and sectoral fees in electricity operations are removed from the basis of calculation. Trading in Commodities and Services (ICMS).
Complementary Law No. 194/2022
Supplementary Law No. 194/2022 amends Law No. 5172 of October 25, 1966 (National Tax Code) and Supplementary Law No. 87 of September 13, 1996 (Kander Law) for the consideration of essential goods and services relating to fuel, electricity, communications, public transport and Supplementary Laws No. 192 of March 11, 2022 and 159 dated May 19, 2017. You can refer to Supplementary Law No. 194/2022 in full on the official website of the Federal Government.
See what success is on the Internet:
“Friendly zombie guru. Avid pop culture scholar. Freelance travel geek. Wannabe troublemaker. Coffee specialist.”
