- Brazilian Lower House approves regulations for new federal and state-level value-added taxes
- New VAT regime to replace social security contributions PIS and Cofins
- IBS and CBS levies to be introduced in 2026 and 2027
- ICMS and ISS levies to be phased out starting in 2029
- Average combined rate of CBS and IBS revised to about 27%
- Zero rate of value-added tax agreed for certain goods like meat, fish, and cheese
- Proposal for tax refunds to low-income consumers through cashback scheme
- Regulations to govern administration, collection, and enforcement of levies
- Reductions provided for various goods and services, including education and health services
- Concessionary arrangements for real estate sector and special tax rules for minerals and energy sectors
- Tax rules outlined for financial services
Source: answerconnect.cch.com
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.
