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Rio Grande do Sul suspends sales tax to support pig farmers

The Rio Grande do Sul state government has announced measures to support pig farmers, suspending the ICMS (Tax on the Circulation of Goods and Services), among other initiatives. ICMS will be suspended for farmers on the sale of hogs and fresh cuts to other states, retroactive to July 16. In practice, the measure puts the state on an equal competitive footing with Santa Catarina and Paraná, which have also suspended the tax.

In addition, the tax has been deferred on corn, soybean and meal imports. The tax is normally 12%. The idea is to ease access to inputs that make up pig feed, improving farmers' purchasing power.

Information provided by Agência Estado

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