Platts increases ICMS tax rate in Brazil ethanol assessments

S&P Global Platts has increased the Brazilian Tax on Commerce and some Services, or ICMS tax, on hydrous ethanol to 13.3% from 12% following an official announcement for the increase from Sao Paulo state, effective Jan. 15, 2021.

The affected assessments are:

AAXNQ00 – Hydrous ANP domestic

AAXNQ00 – Anhydrous ANP domestic

AAXNR00 – Hydrous FOB Santos

AAXNS00 – Grade B FOB Santos

AAXOA00 – Hydrous ANP ex-mill in sugar equivalent

These assessments currently appear in the Platts price database under the codes above, in the Biofuelscan and in the weekly Fuel Ethanol report.

Please send any feedback, questions or comments to americas_ags@spglobal.com and pricegroup@spglobal.com.

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