If sanctioned, Bill 511 of 2020, passed by the Legislative Assembly of São Paulo, could leave the state with the lowest ITCMD, the inheritance and gift tax, in place. Tax rates will drop from 4% to 0.5% (gifts) and 1% (death transfers).
A survey by Sigaud Advogados shows that the average tax rate applied across the country is 4%.
But some states apply progressive rates, starting from the exemption and 1% to 8%.
Although the Secretary of Finance and Planning of the State of São Paulo, Felipe Salto, in an interview with Valor, has considered. . .
To read full NEWS and much more, Subscribe to our Premium Membership Plan. Already subscribed? Login Here
