Rio Government Lowers Aviation Fuel Tax to Attract Tourist Flights

According to the Brazilian Association of Airline Companies, fuel represents up to 32 percent of airlines' costs, rperesented by a state value added tax of 12 percent,

RIO DE JANEIRO, BRAZIL - The governor of Rio de Janeiro, Wilson Witzel, signed on Tuesday, November 12th, a decree reducing the rates of the Tax on the Circulation of Goods and Services (ICMS) levied on kerosene aviation fuel (QAV). The measure comes into force in December and seeks to attract new airlines to the state, and also benefit companies already operating in Rio, as long as they commit to increasing the number of seats offered . . .

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