A new decree in Piauí changes ICMS (Tax on the Circulation of Goods and Services) rules, expanding the situations in which the state can presume that companies had undeclared revenues. The measure aims to strengthen state tax enforcement.
The decree establishes specific criteria that may lead the State Revenue to consider that there is unreported revenue from taxpayers. These situations now serve as the basis for tax enforcement actions.
ICMS is a state tax that applies to the circulation of goods and the provision of services throughout Brazilian territory. The changes seek to combat tax evasion and increase state revenue in Piauí.
Companies operating in the state should pay attention to the new rules established by the decree, as tax authorities may presume undeclared revenues based on the new criteria defined by the Piauí tax administration.
