21 Brazilian states and the Federal District are due to readjust the ICMS (Tax on the Circulation of Goods and Services) in 2024, six of which will increase the rate to 19.5%, as stated in the Joint Letter signed by the Finance Secretaries of Espírito Santo, Minas Gerais, Paraná, Rio de Janeiro, São Paulo and Rio Grande do Sul. This decision is linked to the approval of the Tax Reform text by the Federal Senate and reflects a significant change in the tax scenario.