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,
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
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
COVID-19 forces temporary tax hikes Brazil’s federal tax on financial transactions, Imposto Sobre Operações Financeiras—IOF, is being temporarily increases between 20 September and 31 December 2021. The raise is aimed at raising funds to help support people most affected by the ongoing COVID-19 crisis –
Brazil’s e-invoicing regime, Nota Fiscal Eletrônica NF-e, is operated by SEFAZ, the tax authority. It introduced the NF-e in 2005. You can keep up-to-date with VAT Calc’s global live VAT invoice transaction and e-invoice blog on country real-time reporting reforms. There are three types of electronic fiscal
