Based on the proposed Tax Reform approved by the Chamber of Deputies, the effective rate of the new Brazilian tax over the consumption of goods and services would be 28.4%, points out a technical note from Ipea (Institute of Applied Economic Research).
It would be the highest in the world for a VAT (Value Added Tax). Today, the highest of its kind is that of Hungary, at 27%.
Source: Folha De S.Paulo
Latest Posts in "Brazil"
- Brazil Imposes 12% Export Tax on Crude Oil, 50% on Diesel Starting March 2026
- Brazil to Adopt Alphanumeric CNPJ Format in July 2026, Requiring Major System Updates
- Brazil Updates NF‑e Validation Rules and XML Layout for Agricultural, Livestock and Forestry Products
- Advance Payments Are Now Taxable
- Brazil Updates E-Invoice Payment Codes: New PIX, TEF Options Effective May 2026
