Urgent.News

What's breaking now, across thousands of outlets.

World

Justiça suspende imposto de exportação de petróleo: “burla ao Legislativo”

Empresas de petróleo e gás obtiveram uma decisão judicial que impede o Governo de continuar cobrando o imposto de 12% sobre exportações de petróleo aprovado em junho pela Câmara de Comércio Exterior (Camex). A taxação havia sido estabelecida originalmente por meio de uma Medida Provisória em março. Após a MP caducar sem votação no Congresso, […] The post Justiça suspende imposto de exportação de…

Original Portuguese Read in English

Brazil's Supreme Court has blocked the government from continuing to charge a 12% tax on oil exports, after the tax was imposed by a provisional measure (MP) in March and then renewed by the country's trading body, Camex, for 60 days without parliamentary approval. Judge Diego Câmara of the 17th Federal District Court ruled that the government cannot use Camex to renew the effects of an MP not approved by Congress, as it would be a "violation of the principle of the separation of powers and the hierarchical structure of the executive power."

The court also cited allegations that the tax was merely "remunerative" in nature, making its immediate validity unconstitutional. The ruling affects all companies linked to Camex and follows a previous legal challenge in 2023 when the government first attempted to create the tax on exported oil.

Written by urgent.news from Brazil Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at braziljournal.com →

More in World

Pension managers adopt new strategies

The Government Pension Fund (GPF) is adopting a combination of risk factor analysis and strategic asset allocation to manage its funds amid heightened economic volatility and rapid global changes…

More from Thursday 27 August →