Tax
ICMS – Tax on distribution of goods and services – State VAT
ICMS, short for Imposto sobre operações relativas à circulação de mercadorias e sobre prestações de serviços de transporte interestadual e intermunicipal e de comunicação in Portuguese, is imposed by state governments on distribution of goods and specific services such as transportation and communication. It is a Value-added tax, mostly it is owed by manufacturers and wholesale Read more…