Brazil Govt To Resume Fuel Taxes -ministry

Brazil Govt To Resume Fuel Taxes -ministry

BRASILIA (Reuters) – The Brazilian government is set to resume the collection of federal taxes on fuels this week, the Finance Ministry said on Monday.

According to the ministry, the tax revenues from fuels will be 100% recovered with the end of the waiver. The rate on fossil fuels will be higher than biofuels, as before the exemption.

(Reporting by Victor Borges; Editing by Chris Reese)