In a historic move, the National Congress of Brazil promulgated the Constitutional Amendment (EC 132/2023) on Dec. 20, 2023, ushering in a comprehensive reform of the country’s consumption taxes. This monumental decision represents the most significant transformation of the Brazilian tax system in its democratic history, concluding a debate that has spanned decades.
- Dual VAT
- Selective Tax (IS)
- Non-cumulative
- Tax rates
- Free Trade Zone
- Special tax treatment/benefits
- Transition
- Other taxes
Source: www.vertexinc.com
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