About 100 stone exporters participated in a webinar on ICMS credit with ES Secretaries

Secretaries of State for Finance and Development participated in a webinar held by Centrorochas e Sindirochas that brought together businessmen from the sector

More than 100 ornamental stone exporters from Espírito Santo participated this Thursday, August 27, in the webinar “Transforming ICMS credits into investments” held by Centrorochas and Sindirochas. The event was attended by the Secretaries of State of Espírito Santo, Marco Kneip (Development) and Rogelio Pegoretti (Finance).

At the opening, the president of Sindirochas and advisor to Centrorochas, Tales Machado, reinforced the importance of this issue for the ornamental stone sector. “This is one of the priority themes of the entities. For about five years we have been looking for a way to make it possible to take advantage of export credits”. Under the current tax model in Espírito Santo, exporting companies that pay the Tax on Circulation of Goods and Services (ICMS) in the State are entitled to credit the amount corresponding to the tax on the sale of their products to the international market. The secretaries detailed the necessary procedure for the exporter to use his export ICMS credits in the Productive Investment Project (Proinp).

“The law is very simple”, explained the Secretary of Finance. “The exporter has his credit and wants to sell it. We set a condition: the value of this credit must be used to invest in a project that will be previously approved by the Government. The intention of the State is to encourage investment”, he reinforced.

Two distinct paths must be followed by the exporter. The first is to request the approval of your ICMS credits from the Treasury Department (Sefaz). With the number of this administrative process, the company can now present its project to the Department of Development (Headquarters). “The credit does not need to be approved at the time of project presentation, as the credit approval process at Sefaz has its own procedure. However, the entrepreneur needs to mention in the project the number of the administrative process where the approval of the credits was requested”, explained the undersecretary of Competitiveness, Rachel Freixo, who also participated in the event.

The Development Secretary recalled that, since January, the secretariat has been offering 100% digital assistance. “To present the project to the secretariat, the entrepreneur just needs to enter the website, register, and our team immediately sends it to the committee responsible for the analysis. After all evaluation, if there is the counterpart, investments and job creation that is in the interest of the community, the incentives are granted. Everything in a direct and very transparent way”, pointed out Kneip.

One point that was highlighted was the one that defines percentages of use of credits. Law 11,001/2019 provides that companies holding accumulated credits can use up to 60% of their credits to offset ICMS tax debts related to tax, fines, accruals and monetary restatement, 20% for the acquisition of machinery and equipment and 20% can be used to offset debts registered in the State’s overdue debt, filed or not, whose triggering event occurred by December 31, 2018. , warned Rogelio.

Couldn’t follow the live webinar? Click here to watch the chat in full.