Through Law No. 16.005 / 2015 (DOE-SP 25/11), the São Paulo government reduced the ICMS on generic drugs from 18% to 12% and increased the beer and draft rates from 18% to 20%; and smoking from 25% to 30%.
The governor instituted through Law nº 16.006 / 2015 (DOE-SP 25/11) the State Fund for Combat and Eradication of Poverty - FECOEP, which will have a rate of 2% and will be charged in operations with the following goods:
- a) alcoholic beverages classified under heading 22.03 (beers and draft beer);
- b) tobacco and manufactured tobacco substitutes, classified in chapter 24.
The new rules will be applied within 90 days from the publication of the Law.