- The rapporteur for tax reform in the Chamber of Deputies, Aguinaldo Ribeiro, presented a new proposal that includes a Value Added Tax (VAT) system, selective taxes on harmful products, a “cashback” program for low-income families, and differentiated tax rates for health and education sectors.
- Other proposals discussed include maintaining the Manaus Free Zone and the Simple Nacional regime, establishing specific regimes for certain sectors, creating a Regional Development Fund, and taxing luxury aircraft and vessels.
- The tax reform working group is still analyzing the proposal’s guidelines, and the vote will take place in July. The aim of the tax reform is to simplify the system and distribute the tax burden more fairly.
- The presented text is just a proposal that will change as it advances in congress.
Source Grant Thornton
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