Investor Presentaiton

2) ICMS-E - institutional rules (2) 34 go to municipalities where it was generated 1/4 goes to municipalities according to state law criteria (see hypothetical example) PERCENTUAL FIXO 2% ÁREA 2% PROPRIEDADES RURAIS 2% VALOR ADICIONADO 75% ICMS ECOLÓGICO 5% POPULAÇÃO 6% PROD. AGROPECUÁRIA 8% source: http://www.icmsecologico.org.br/

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