2 September 2014
On August 27, 2014, the State of Espírito Santo Decree No. 3.648-R was published. It amended item LV of Article 70 of the ICMS Regulations in order to extend until March 30, 2015 (the former deadline was June 30, 2014) the reduction of 3% of the calculation basis of ICMS due upon customs clearance of goods imported under REPETRO for application in the production of oil and gas.
The Decree is effective starting from July 1, 2014.