The MP 135/2003 was edited by federal government as allegation of attending the old wish of business sector, it also anticipate the effect of the Tributary Reform. Notably it changed the manner of verify the COFINS value to receive by business. The transformation of CONFINS to a tribute no accumulative was one of the most important changes. The rate raised from 3% to 7,6% in order to adjust the accumulative with the no accumulative. However, an account of this behaviour result adding 153% tributary rate of this tribute. Critics were generated by businessmen of service sector mainly. Since they donít use prime-matter, they may not diminish of the tax value to receive, any value to credit title.
This nmeeds a lot of work- it's not my are of knowledge, but I'll try to get it started.
The MP 135/2003 was amended by federal government following allegations of meeting the old wishes of the business sector, it also anticipates the effect of the Tributary Reform. (The term exists, but I don't know what it means)
Notably it changed the means of verifying the COFINS amount to be receives by businesses.
The transformation of CONFINS to a non-accumulative tribute was one of the most important changes.
The rate raised from 3% to 7,6% in order to balance\match (?)the accumulative with the non-accumulative.
However, this resulted in adding a 153% tributary rate to this tribute.
Critics were generated by businessmen from the service sector mainly. Since they donít use raw materials, they may not reduce the tax value of receipts,
any value to credit title. (I'm afraid I can't work this phrase out)