- Proposed Alcohol Tax Reform: The Brazilian government is considering a significant overhaul of its alcohol tax policy to create a simpler, more efficient system that aligns with modern principles, potentially increasing tax revenue and promoting reduced alcohol consumption.
- New Tax Structure: The proposed tax reform bill, recently approved by the Brazilian Lower House, would implement specific taxes based on liters per alcohol (LPA) and include ad valorem taxes, calculated according to the alcohol by volume (ABV) percentage of alcoholic products.
- Neutrality in Taxation: An ideal alcohol tax would apply uniformly based on the quantity of pure alcohol, eliminating complex categories and production subsidies, thus ensuring neutrality and effectively addressing external harms associated with alcohol consumption while increasing government revenue.
Source Tax Foundation
Latest Posts in "Brazil"
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- STF Prohibits Retroactive ICMS Collection on Intra-Company Transfers Before 2024
