Brazil may reduce its new VAT tax from a proposed 12% if it ends up increasing the overall tax burden, Economy Minister Paulo Guedes said on Wednesday, adding that levies on dividends and profits will also be looked at.
Valid for medicines, supplies and vaccines, exemption would go until this month and was extended until June 2021
According to recent reports, a plenary session of the Brazilian Federal Supreme Court was held in November 2020, during which a majority decision was effectively reached concerning the levy of municipal services tax...
The taxpayers in the lawsuits argued that ISS (municipal tax on services), but not ICMS, should apply to the licensing or the right to use software in case of use licensing. The STF minister responsible for the case...
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