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
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
