- Government aims for 26.5 percent average VAT rate
- Finance Minister Fernando Haddad and Tax Reform Secretary Bernard Appy presented proposal to regulate tax rules
- Tax reform will consolidate five multi-tiered taxes into two VAT-like levies
- State-level ICMS tax on goods and services is main source of revenue for state governments
- Bill will change Brazil’s tax system from origin-based to destination-based sales tax
Source: brazilian.report
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.
