- Brazil’s government has submitted regulations to Congress for implementing a new dual value-added tax (VAT) system as part of tax reform
- Lower house of Congress passed legislation to overhaul tax system on 10 July 2024
- New compliance rules for residents and non-residents conducting business in Brazil
- Transition to dual VAT system to be fully implemented over seven years
- Initial changes regarding electronic invoices for goods issued by local taxpayers released
- Technical Note NT 2024.002, version 1.00, specifies new field groups for electronic invoices for goods and those intended for final consumers
- Introduction of ECONF for integration of financial transactions with electronic invoices for goods and electronic consumer invoices
Source: regfollower.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.
