Brazil’s Senate has recently approved a groundbreaking reform on consumption tax, a move that has been making headlines both locally and internationally.
While there are still steps to be taken before the approved proposal is enacted into law and implemented, here are some important details:
- The reform would replace the five current indirect taxes with an international dual VAT system with distinct federal and regional rates, to be determined later through complementary laws…
Source: www.vertexinc.com
