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2 2.4 to 2.9.2019 S ao Paulo - Anfavea seeks (with the government of Sao Paulo state) to create actions to simplify the payment of ICMS (tax on goods and services) credits owed to the sector - accumulated by the exports, which are exempt from taxes, and by tax substitution processes. Its president, Antonio Megale, said, on Wednesday, 6, that there will be from R$ 6 billion to R$ 7 billion in credits accumulated for the industry in Sao Paulo alone, he estimates. According to him, the entity offered three suggestions to the state government, which now studies the best alternative. One of them is the flexibilization of Pro-Veículo, a program that allows automakers to recover the ICMS credits in investments in expansion or modernization of the factories located in Sao Paulo. Megale, who considers the initiative as positive, said that one of the Automotive sector works on ICMS credits recovering André Barros | andrebarros@autodata.com.br Anfavea balance Photo: Fábio Rodrigues Pozzebom/Agência Brasil.

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