SEFAZ-MG Auditor Fiscal Practice Questions - SEFAZ-MG Auditor Fiscal Da Receita Estadual (Minas Gerais, Brazil) Exam

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An auto parts manufacturer in Betim/MG sells spare parts to an end-consumer in Belo Horizonte/MG for R$ 100,000.00. The commercial invoice includes R$ 5,000.00 of freight charged to the buyer, R$ 2,000.00 in insurance, an unconditional trade discount (desconto incondicional) of R$ 7,000.00, and IPI at 10% (R$ 10,000.00). According to Lei Estadual nº 6.763/1975 and CF/88 Art. 155, §2º, XI, what is the ICMS calculation base (base de cálculo)?

R$ 100,000.00, because IPI is always excluded from the ICMS tax base under constitutional non-cumulativity. R$ 107,000.00, because unconditional discounts are added back to the gross tax base under Minas Gerais tax regulations. R$ 93,000.00, because freight, insurance, and IPI must all be deducted from retail consumer transactions. R$ 110,000.00, because IPI is included in the ICMS tax base when the sale is made directly to an end-consumer.

Correct Answer:

R$ 110,000.00, because IPI is included in the ICMS tax base when the sale is made directly to an end-consumer.

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