UNICA denies that Brazil has established a new tariff on ethanol

Biofuels Digest
Jim Lane February 7, 2012

In Brazil, the Brazilian Sugarcane Industry Association (UNICA) responded to allegations that a pre-existing VAT (value-added tax) on ethanol in the Brazilian state of São Paulo is equivalent to the return of Brazil’s tariff on imported ethanol, which was zeroed in 2010. The statement should be attributed to UNICA President and CEO, Marcos Jank.

“Recent media reports involving a value-added tax on ethanol in the state of São Paulo, known as ICMS (Goods and Services Tax), have included statements implying that this pre-existing tax is somehow equivalent to the reinstatement of Brazil’s federal import tariff on ethanol, which was zeroed by the government at UNICA’s request in 2010.

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