VATupdate

Proposed VAT on royalties and digital platforms/marketplace

Brazil’s proposed VAT on royalties and digital platforms/marketplace could affect technology, media & entertainment, and telecom sectors

The bill under discussion, which is intended to simplify the Brazilian tax system, could impact the technology, media & entertainment, and telecom (TMT) sectors. This proposal is intended to be the first phase of a comprehensive tax reform.

Source EY

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