In this first phase, the federal government has proposed the elimination of PIS and COFINS and the creation of a new tax replacing them known as CBS (social contribution over operations with goods and services). Like PIS and COFINS, CBS would be levied on imports and local sales of goods and services.
Source: Deloitte
Latest Posts in "Brazil"
- Brazil Proposes 7% Digital Services Tax to Modernize Tax System and Boost Infrastructure
- Brazil’s National E-Invoice Standard: Streamlining Compliance and Revenue Control by January 2026
- Will Brazil’s Tax Reform Make Taxation Simpler?
- Brazil unveils Tax Relief Measures to Support Exporters facing US Tariffs
- Brazil to Implement National Electronic Invoicing Standard for Services by 2026
