- Supreme Court validates sharing of banking data with states for ICMS tax oversight
- CONFAZ regulation requires financial institutions to provide information on electronic transactions
- Financial institutions must provide state governments with information on bank transfers and payments involving ICMS tax collection
- Majority opinion of STF upholds constitutionality of providing data
- Dissenting opinion finds regulation unconstitutional due to lack of clear criteria for data transfer and confidentiality maintenance
- Concerns raised about relaxed rules for data sharing and risk of unauthorized parties accessing banking information without judicial approval
Source: klalaw.com.br
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.
Latest Posts in "Brazil"
- Modulation of ICMS Ruling Applies from 2024, Exempting Intra-Company Transfers Across States
- Brazil’s National E-Invoice Standard: Streamlining Compliance and Revenue Control by January 2026
- Brazil Proposes 7% Digital Services Tax to Modernize Tax System and Boost Infrastructure
- Will Brazil’s Tax Reform Make Taxation Simpler?
- Brazil unveils Tax Relief Measures to Support Exporters facing US Tariffs
