In a Provisional Measure, Brazil introduced significant constraints for Brazilian taxpayers seeking to monetize value-added tax (VAT) credits. The Provisional Measure only allows taxpayers to use VAT credits to offset their PIS/COFINS (Program of Social Integration/Contribution for the Financing of Social Security) liability.
Source EY
Latest Posts in "Brazil"
- Brazil’s Tax Reform: E-Invoicing Overhaul and Split Payment Challenges for Global Companies
- Brazil Introduces Tax Incentives to Boost Datacentre Investment and IT Exports Under New Regimes
- São Paulo Eliminates ICMS Tax Substitution for Hundreds of Products Starting 2026
- Trickiest countries in which to achieve compliance
- Brazil Updates Indirect Tax Reporting Rules for 2026 Including IBS, CBS, IS
