Brazil has published Complementary Law No. 194 of 23 June 2022, which provides that goods and services related to fuel, natural gas, electricity, communications, and public transport are considered essential and cannot be subject to higher state value added tax (ICMS) rates. As such, supplies of these goods and services may not be subject to ICMS rates higher than the general/standard rate, which generally limits the ICMS rate to a maximum of 17% or 18%, depending on the state.
Source Orbitax
Latest Posts in "Brazil"
- Webinar Fiscal Solutions: Brazil Enters New Era: SW Fiscalization Takes Over Brazil (Nov 27)
- Brazil Proposes 7% Digital Tax on Advertising and Data Sales Effective August 2025
- Brazil’s Dual VAT Reform: OECD Analysis, Implementation Challenges, and Global Comparisons
- OECD Reviews Progress and Challenges in Brazil’s 2023 Consumption Tax Reform and VAT Implementation
- Brazil Updates EFD Guide for ICMS and IPI Taxes, Effective January 2026
