26 de julio de 2017 / 21:02 / en 4 meses

Brazilian judge allows fuel tax hike, overturns suspension

BRASILIA, July 26 (Reuters) - A Brazilian court allowed the government to raise taxes on fuels to reduce a budget deficit, the government’s lawyer’s office said on Wednesday.

The increase in the federal PIS/Cofins social contribution tax on gasoline, diesel and ethanol is expected to raise an estimated 10.4 billion reais in additional revenues this year. (Reporting by Silvio Cascione; Editing by David Gregorio)

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