Phase 1: Replacement of Program of Social Integration (PIS) and Contribution for the Financing of Social Security (COFINS) with a single federal value-added tax (VAT)
Phase 2: Elimination of both the contribution for intervention on economic domain (CIDE) and the federal excise tax
Source EY
Latest Posts in "Brazil"
- Brazil to Introduce Alphanumeric CNPJ Format from July 2026
- STJ: Non-recoverable IPI Excluded from PIS/COFINS Credits for Goods Acquired After Dec 2022
- Brazil Imposes 12% Export Tax on Crude Oil, 50% on Diesel Starting March 2026
- Brazil Updates NF‑e Validation Rules and XML Layout for Agricultural, Livestock and Forestry Products
- Advance Payments Are Now Taxable
