- Brazilian government issued a provisional measure revoking the temporary 0% tax rate for the tourism industry
- The measure affects taxpayers negatively affected by the COVID-19 pandemic in the tourism and events sector
- The reduced rate was supposed to apply from March 2022 to February 2027
- Taxpayers will become fully taxable for certain taxes from April 2024 and January 2025
- The provisional measure needs to be voted on by the House of Representatives and Senate within four months to remain in force.
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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