Brazil’s Tax Reform Causes Modifications in Electronic Tax Documents

The ongoing Tax Reform in Brazil has caused significant changes to the national Electronic Service Invoice system (NFS-e) to accommodate the newly introduced consumption taxes. The DFe Technical Note 2024.001 IBS/CBS version 1.00 provides important changes to the format and structure of electronic tax documents, including new taxes (CBS, IBS, and IS) created by a recent constitutional amendment. New information groups and fields have been added to capture details on IBS/CBS taxation, and additional fields have been introduced to summarize the total amounts for IBS and CBS. These updates are crucial for meeting Brazil’s new tax requirements, and businesses must familiarize themselves with these changes to comply with the latest reporting obligations. The implementation schedule includes an Approval Environment (company testing) starting September 1, 2025, a Production Environment starting October 31, 2025, and an Operational Deadline of January 1, 2026.