The consumers of electricity will no longer be frightened by increases in electricity bill values. Without opposing, Jair Bolsonaro (PL) signed Law 14,385, which was published on February 28 in the Official Gazette.
The text, approved by the Chamber of Deputies in early June, establishes the return of the Tax on the Circulation of Goods and Services (ICMS), a state tax, which is included in federal taxes, the Social Integration Program (PIS) and the Contribution for the Financing of Social Security (Cofins).
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In this sense, if you want to know more about the refund of the PIS/Cofins on the electricity bill, just read this article.
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Returning the amount charged by PIS/Cofins will make consumers' electricity bills cheaper
Law 14,385/22 changed Aneel's operating procedures to expedite the return of amounts that were accrued in PIS/Cofins. This return will occur as energy bills have lower tariffs.
In 2017, the Federal Supreme Court (STF) decided to exclude ICMS from the price that serves as the basis for calculating PIS/Cofins. The court recognized the occurrence of double taxation (double charging of the same tax). The STF determined the scope of the measure in 2021, which would make it retroactive to March 15, 2017.
According to the Chamber of Deputies and the Senate, the Government must return R$ 60.3 billion in PIS/Cofins credit to distributors. Of this amount, BRL 12.7 billion have already been returned by Aneel in tariff revisions starting in 2020, which would prevent increases in the electricity bill of, on average, 5% from then on. R$ 47.6 billion are still missing in consumer refunds.
The extraordinary review of tariffs will be carried out
Aneel reported in a note that the amounts related to the exclusion of ICMS from the PIS/Cofins calculation base began to be returned from 2020. The institution announced that it will carry out an extraordinary review of the prices of companies that had the readjustment approved without refunding the tax. The other distributors will be served according to the 2022 calendar for tariff revisions.