- Brazil to introduce indirect taxes on digital service providers from 2026
- Two new indirect taxes to replace old tax system: CBS 8.8% and IBS 17.7%
- Non-resident providers of digital services will be liable for collecting new taxes
- Currently, foreign businesses do not have to charge taxes on sales in Brazil
- New tax aims to level playing field between resident and non-resident providers
- Tax likely to apply to electronic services such as advertising, streaming, apps, and software
Source: fiscalsolutions.co.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
