Valid only for this country: Brazil (BR)
In Brazil, VAT is levied at state level on the movement of goods and services. It is applied to the purchase and sale of domestic and imported goods, interstate and intermunicipal transport and communication.
The ICMS is a percentage tax, i.e. it is embedded in the price of the goods. In Portuguese, the tax is known as Imposto sobre Circulação de Mercadorias e Serviços.
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