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Will a tax reform extinguish the ICMS in Brazil in 2023? Yes: real money 93%, play money 91% No: real money 7%, play money 9% Volume: real money 660.36567029, play money 14900 Bettors: real money 8, play money 6 Categories: Politics, Brazil, Tax Reform Related markets Which of Brazil's military commanders will remain in office through the end of 2026? (ID: 231750) Volume: real 100.87049904, play 10868.36076891 Bettors: real 15, play 9 Leading (real money): Army Commander (General Tomás Paiva) 92% Leading (play money): Army Commander (General Tomás Paiva) 92%

Will a tax reform extinguish the ICMS in Brazil in 2023?

Market Rules

One of the challenges for the Lula administration in Brazil is the approval of tax reform. Some of the main points under discussion concern the extinction of some taxes, as is the case of the ICMS.

If a tax reform proposed is approved by Brazil's Congress in 2023 and extinguishes ICMS (Portuguese acronym for "Service and Goods Circulation Tax"), this market will resolve to "Yes".

If the tax reform is rejected by Congress - or in case it is approved but does not include the end of ICMS - this market will resolve to "No"

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