- Brazilian Ministry of Finance announced a new consumption taxation system
- Includes tax on goods and services, contribution on goods and services, and selective tax
- Estimated tax rates of 8.8% for CBS and 17.7% for IBS
- Tax refunds for low-income families
- Tax reduction on food in the basic food basket
- Differentiated and specific regimes included
Source: news.bloombergtax.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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