Rio City Hall Imposes 1 Percent Tax on Uber, 99, and Cabify

Thanks to new legislation, Rio's most popular ride-hailing apps will now have to pay a one percent tax to City Hall for each ride taken through the app; Uber already announces price increase.

By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Starting on Tuesday, May 1st, Rio City Hall will begin imposing a one percent tax on the city's most popular ride-hailing applications, such as Uber, 99, and Cabify, for all rides taken through the app.

Rio approved the new measure last week and according to city officials, the charge will generate upwards of R$40 million a year.

City official Fabio Pimental explained to local news outlet Globo that the R$40 million figure "was based on data from the ISS [Tax on Services] that transportation companies pay."

But . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?