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Court suspends city tax on imported services

Bnamericas
A São Paulo state court has suspended payments of the municipal sales tax, ISS, on imported services and software, Valor Econômico reported. The ISS charge on software is 2%, rising to 5% for imported services. "The court proceedings were brought by a financial institution, but the fundamentals invoked apply equally to any firm in the same situation," Flávio Mifano, of law firm Mattos Filho, was quoted as saying.

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