Congress reapproves Bill for new VAT regime; implementation 2026 to 2032 On 17 December 2024, the Brazilian lower house of parliament, Chamber of Deputies, approved some Senate changes to PEC 45/2019 which is now ready for the final stage, signature by the President. The Bill
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
