The Brazilian Senate is reviewing a 10-year implementation plan to introduce two new indirect taxes to replace four existing state and federal taxes starting from 2026 and completing by 2033:
- CBS (Contribuição sobre Bens e Serviços – Contribution on Goods and Services) federal tax on consumption – replacing PIS and Cofins..
Source: vatcalc.com
Latest Posts in "Brazil"
- Federal Government Nears Deal with States to Lower Diesel Fuel Prices, Says Finance Minister
- Brazil Updates Electronic Bookkeeping Platform for ICMS and IPI with Error Correction
- Federal Government Proposes ICMS Suspension as Diesel Prices Hit R$ 7.49 in Santa Catarina
- Brazil to Introduce Alphanumeric CNPJ Format from July 2026
- STJ: Non-recoverable IPI Excluded from PIS/COFINS Credits for Goods Acquired After Dec 2022
