Ambev Has BRL1b Tax Fine Canceled by Brazil Agency: Valor

Brazil tax appeals council known as Carf decided to cancel about 1b reais in tax fines on Ambev, Valor Economico newspaper reported citing a person with knowledge of the matter.

• Revenue Service assessment refers to a process between 2007-2012 and involves the acquisition of Quilmes
• Economy Ministry’s Prosecutor does not intend to appeal the decision, Valor Economico said citing the prosecutor who worked in the case
• According to the story, Ambev considers at its reference form the chance of loss as possibility

News link: Valor Economico : Carf cancels part of Ambev’s billion-dollar tax collection

Original Story:

Carf cancela cerca ...