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