Supreme Court sets start of ten-year window for utilities to refund overcharged taxes on power bills
Brazil's Supreme Court ruled, on motions for clarification, that the ten-year window for power distributors to refund consumers PIS and Cofins overcharged on ICMS in power bills starts when they recover the amount from the Federal Revenue Service or when the tax offset is definitively approved, according to the court and CNN Brasil.
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In brief
The Supreme Court set when the ten-year window to refund power-bill taxes starts.
It runs from recovery from the Revenue Service.
What we know
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Verified fact · material
The Supreme Court ruled, on motions for clarification, that distributors have ten years to refund consumers PIS and Cofins overcharged on ICMS in power bills.