5 Major Developments in Brazil

5 Major Developments in Brazil

• Brazil Implements Unified Nota Fiscal e-Invoicing to Simplify Tax Obligations and Enhance Digitization

• New Obligation for MEI

• Brazil Lower House Approves Tax Reform Bill to Consolidate Indirect Taxes and Introduce New Taxes

• Injunctions fuel a discourse on the exclusion of ICMS from PIS/Cofins calculation

• Brazil takes a leap towards consumption taxes reform

Bookkeeping

• Brazil Tax Agency Issues Updated Guide on Electronic Bookkeeping Platform for ICMS, IPI

Country Guides

• Value Added Tax (VAT) Guidelines: Brazil

• Tax Guide for Businesses with Customers in Brazil

Deduction (Input Tax Credit)

• Brazilian tax reform and the obstacles to granting a full tax credit model on VAT

• Brazil: Rio de Janeiro approves Service Tax incentives for the carbon credit chain

E-invoicing

• Brazil Implements Unified Nota Fiscal e-Invoicing to Simplify Tax Obligations and Enhance Digitization

• VAT reform imminent in Brazil: What to expect for tax and e-invoicing

• Brazil Nota Fiscal Eletrônica e-invoicing update

• VAT Reform Imminent in Brazil: What to Expect for Tax and E-Invoicing

• VAT Reform and E-Invoicing Updates: What to Expect for Tax and Businesses in Brazil

• New Obligation for MEI

• Brazil simplifies tax obligations with new legislation

• Tax Reform in Brazil: Simplification Statute Published

• These are the E-Invoicing legislative changes in September …

• A new version of NT 2015.002 adds the event “Delivery Failure” to the CT-e

• What are the E-invoice Requirements in Brazil? (Explained!)

• Postponement of the mandatory NF3-e implementation in Espírito Santo and Santa Catarina

• New National Standard for the Electronic Invoice of Services in Brazil

Environmental Tax

• Beer, soda and gasoline can ease new VAT, experts say
• Brazil: Rio de Janeiro approves Service Tax incentives for the carbon credit chain

Excise

• Beer, soda and gasoline can ease new VAT, experts say

Implementation / Reform

• Simplifying Brazil’s Indirect Tax System: Impact, Challenges, and Potential Outcomes

• VAT Reform Imminent in Brazil: What to Expect for Tax and E-Invoicing
• VAT Reform and E-Invoicing Updates: What to Expect for Tax and Businesses in Brazil

• Brazil Lower House Approves Tax Reform Bill to Consolidate Indirect Taxes and Introduce New Taxes

• Brazil takes a leap towards consumption taxes reform

• Tax reform bill involving federal, state, and municipal indirect taxes

• Brazil Senate considers VAT reform plan

• IMF encourages Brazil to broaden the tax base and welcomes proposed indirect tax reform

• Brazilian tax reform and the obstacles to granting a full tax credit model on VAT

• Brazilian tax reform converts five local taxes into two international VAT taxes

• Brazilian Chamber of Deputies Approves Major Indirect Tax Reform

• Significant VAT reform approved by Chamber of Deputies

• Brazil’s lower house finds compromise in a major reform of the country’s ‘dysfunctional’ tax system

• Lower house of parliament approves ‘historic’ tax reforms

• Chamber of Deputies Approves Tax Reform Involving Indirect Taxes

• Brazil’s Lower House Approves First Tax Overhaul in Decades

• Lower house approves ‘historic’ tax reform bill

• Brazil’s lower house approves ‘historic’ tax reform bill

• Brazil VAT implementation passes Chamber of Deputies

• Tax reform: points presented in the bill’s substitutive text were discussed

Place of Supply

• Supreme Court: When health insurance and financial companies must pay ISS

Rate

• VAT Reform Imminent in Brazil: What to Expect for Tax and E-Invoicing

• Brazil VAT implementation – 25.45% to 27% launch rate

• VAT in Brazil could go to 28% and be the Highest in the World, According to a Survey by Ipea

Real Estate/Immovable Property

• Decree extends time for ICMS suspension on transfer of certain assets by oil and gas companies operating in the State of Rio de Janeiro

Real Time Reporting/Continuous Transaction Controls

• VAT Reform and E-Invoicing Updates: What to Expect for Tax and Businesses in Brazil

Refund

• Federal Superior Court of Justice to determine refund rules for ICMS-ST differences

Reporting / Compliance

• Brazil Nota Fiscal Eletrônica e-invoicing update

• Brazil’s Complimentary Law number 199 simplifies tax obligations

• Brazil Senate considers VAT reform planx

Taxable Amount

• Injunctions fuel a discourse on the exclusion of ICMS from PIS/Cofins calculation

• Federal Superior Court of Justice rules about inclusion of ICMS in base of IRPJ/CSLL

• Supreme Court: National suspension cases regarding exclusion ICMS presumed credits from PIS/COFINS basis

Taxable Transaction

• Private letter ruling published on cross-border taxation of software licensing

• IMF encourages Brazil to broaden the tax base and welcomes proposed indirect tax reform

• Supreme Court: When health insurance and financial companies must pay ISS