Rio de Janeiro Slashes Sales Taxes on Ethanol Production, ANP To Regulate Ethanol Brazilian Ethanol Mills

摘要

Brazil's Rio de Janeiro state reduced sales taxes on ethanol production August 29 in an effort to boost investments and production in the sector, the Wall Street Journal (WSJ) reported. Gov. Sergio Cabral signed a decree that cut the ICMS (Taxes on Goods and Services) sales tax to 2% from 24%, according to the report.