- New law in Brazil launches consumption tax reform
- Transition to new system starts on 1 January 2026
- Changes expected to impact businesses significantly
- Complementary Law No. 214/2025 establishes new consumption taxes
- Main characteristics of new tax model include credits, split payment, and reduced rates
- Presidential vetoes address issues like tax collection, agricultural inputs, and selective tax
- Next steps involve Congress considering vetoes and analyzing Bill 108/24
- Government to work on defining rates for Selective Tax and income tax reform in 2025
Source: taxnews.ey.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.
