Governor Geraldo Alckmin signed on 17/12, in a ceremony at the Palácio dos Bandeirantes, a measure that extends the deadline for the collection of ICMS by up to 75 days and benefits around 222 thousand São Paulo companies. Decree No. 59.967, published in the Official Gazette this Wednesday, 18/12, meets the demands of business entities and accountants. The extension of the term for calculating the tax represents a reinforcement in the cash flow of the companies and contributes to the economic development of São Paulo.

All the São Paulo taxpayers opting for Simples Nacional and a large part of companies under the Periodic Tax Regime (RPA) from sectors such as agriculture, extractive industry, beverages, pulp and paper, chemicals, cosmetics and pharmaceuticals, information technology, appliances will benefit from the extension. , vehicles and toys, among others. The change in the tax collection flow does not cover the segment of administered prices (fuels, communication and energy).
Those opting for Simples Nacional, who collect ICMS for tax substitution and at interstate entries - rate differential - will start to pay the tax on the last day of the 2nd month following the taxable event. According to the previous rule, it was necessary to make the payment by the 15th of the following month.

Simples companies that prepay the ICMS required on interstate goods inputs subject to tax substitution will have increased the deadline for paying the tax by 75 days, on average. Previously, these taxpayers were required to calculate and collect the tax on a daily basis, at each goods receipt. With the edition of Decree nº 59.967, the calculation will become monthly and the payment required only on the last day of the second month following the calculation.

Source: SEFAZ-SP (17/12)

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