At the end of each year, the Federal, State, and Municipal governments publish important changes to indirect taxes. It is expected that most of these changes start to take effect during the first quarter of 2023. Therefore, Brazilian taxpayers need to be aware, as some of these amendments may require adjustments to a companies’ tax compliance, calculation, and payment procedures.
Below are the main changes to note for 2023 that could intensify a company’s indirect tax burden.
- PIS e COFINS
- I – Rules Consolidation
- II – Oil and Gas
- ICMS
- I – Increasing of the Standard Rate
- II – Essential and indispensable services
- Tax Documents
Source: www.vertexinc.com
