Tax incentive makes semi-new car sales the main source of revenue for rental companies

Rodrigo Prado Gonçalves, our partner in the Tax practice, analyzed the question of the non-collection of the ICMS tax by rental companies in the resale of vehicles. In an interview with Folha de S. Paulo, our specialist asserted that rental companies argue that the ICMS should not apply to the sale of vehicles as “fixed assets are not [considered] commodities.”

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