Mato Grosso, Brazil: Tax revenues from timber sector fall
The state of Mato Grosso, Brazil, is one of the major timber producing states in the Amazon region. In the first half of 2013 the Tax on Goods and Services (ICMS) collected from the forest-based sector in the state amounted to real 33 million ($14.3 million). Despite an increase of real 12 million ($5.2 million) in taxes collected in the last two months the semiannual report from the State confirmed a 10.8% decline in state tax revenue from forestry compared with that collected in the first half of 2012.
ByLesprom Network
Nov 28, 2013. /Lesprom Network/. The state of Mato Grosso, Brazil, is one of the
major timber producing states in the Amazon region. In the first half of 2013
the Tax on Goods and Services (ICMS) collected from the forest-based sector in
the state amounted to real 33 million ($14.3 million), ITTO reported.
Despite an increase
of real 12 million ($5.2 million) in taxes collected in the last two months the
semiannual report from the State confirmed a 10.8% decline in state tax revenue
from forestry compared with that collected in the first half of 2012.
The ICMS tax
revenue from the forest-based sector has fallen 11.6% over the past ten years.
Currently, the Center for Timber Producers and Exporters Industries of Mato
Grosso (Cipem) is
working on a proposal for a new taxation model for the timber industry. The
proposal was discussed recently during a meeting with the State Finance Secretariat.
Our website uses cookies to make your browsing experience better and more personal. By using our site, you agree to our use of cookies. You can read our Cookie Policy and Privacy Policy.This website uses 'cookies' to give you the best, most relevant experience. You can read our Cookie Policy and Privacy Policy.