Brazil has published Provisional Measure No. 1.159 of 12 january 2023, which excludes state value added tax (ICMS) from the basis for calculating the Contribution for the Social Integration Program (PIS) and the Contribution for the Financing of Social Security (COFINS).
Source: Orbitax
Latest Posts in "Brazil"
- STJ Suspends Appeals on ICMS DIFAL Inclusion in PIS/COFINS Tax Base Nationwide
- STF Prohibits Retroactive ICMS Collection on Intra-Company Transfers Before 2024
- Brazil’s New Indirect Tax Reporting Guidelines: Key Changes and Compliance Challenges for 2026
- Brazil Mandates NBS for National E-Invoicing Service Classification Starting January 2026
- Brazil Urges Over 3,000 Companies to Settle Outstanding PIS/Cofins Debts by October 2025
