Congress approves regulations on administration of new VAT regime; implementation 2026 to 2032 The Brazilian lower house of parliament, Congress, approved on 10 July 2024 a Bill (PLP 68/24) with regulations covering the launch of the new VAT regime. The Senate, which received the Bill on
CBS/IBS new regime brings foreign providers into tax net As part of the agreed implementation of VAT in Brazil, non-resident providers of digital services will become liable for collection of the new indirect taxes. This includes marketplaces or digital platforms acting on behalf of Brazilian
Small businesses must adopt government Simples Nacional e-invoicing from 1 January 2023 Micro businesses using the consolidated tax Simples Nacional regime must use centralised portal (CGSN Resolution No. 169 of July 27, 2022). Simples Nacional enables a single reporting for a host of Brazilian taxes,
11.9% inflation prompts Brazil to limit ICMS (VAT) on range of supplies to 18%; states to challenge as unconstitutional Brazil has limited states freedom (Complementary Law 194/2022) to charge ICMS above the standard rate of 18% on a range of supplies, including Petrol and fuel
Federal manufacturing indirect tax IPI discounted to curb inflation and help post-COVID Brazil has discounted by 25% its federal tax on manufacturing, IPI, Imposto sobre Produtos Industrializados. For a number of automobile vehicles, the IPI rates are reduced by 18.5%. This came into effect on 25
Senate progresses three taxes to replace COFINS, PIS, IPI, ICMS and ISS indirect tax maze One of the many proposals to reform the complex Brazilian indirect tax system is set to progress this year. Senate PEC 110/2019: consolidating existing federal and state taxes into a two
Changes to ICMS (VAT) states’ split on B2C inter-state sales in confusion The Brazilian federal government has gazetted this month a rule change on Imposto sobre Circulação de Mercadorias e Serviços ICMS (a form of VAT) on interstate sales of goods to consumers. However, Law
Monthly electronic fiscal file portal upgraded under SPED Brazil has upgraded the record-keeping portal for ICMS and IPI indirect taxes. The new version comes into effect from 1 January 2022. The portal is used for reporting to the Federal Revenue Office of Brazil accounting records
There are currently no Brazilian consumption taxes on non-resident provided digital or electronic services. The Brazilian indirect tax system is highly complex, and overlapping, with many conflicted state, federal and municipal taxes. Follow VAT Calc’s global live VAT invoice transaction and e-invoice reporting tracker to see
