- Brazil released an updated version of Technical Note NT 2024.002 on 6 December 2024
- The update includes new validation rules for calculating monthly amounts due for new indirect taxes CBS and IBS
- The government had previously submitted regulations for a new dual VAT system under a tax reform bill
- The tax reform introduces two harmonized taxes, IBS and CBS, replacing state VAT and federal contributions respectively
- A new tax code CST is introduced for CBS, IBS, and IS, providing detailed tax information for each item on e-invoices
- No changes to the timeline for implementing these updates
- Testing of the updates in the e-invoice portal is scheduled from 1 September 2025 to 30 October 2025
- Updates will go live from 31 October 2025 with mandatory completion of new fields starting 1 January 2026
- Full implementation of new fields and rules starts from 1 January 2026
Source: regfollower.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.
