- Brazil government updated Technical Note NT 2024.002 on December 6, 2024
- Update includes additional validation rules for calculating new indirect taxes CBS and IBS
- Brazil’s Congress debating tax reform to introduce new VAT regime
- New VAT regime includes IBS to replace state VAT and municipal tax, CBS to replace federal PIS/COFINS
- Initial changes to electronic invoices for goods issued by local taxpayers outlined in NT 2024.002
- Updated technical note introduces new tax code CST for CBS, IBS, and IS
- New CST values provide detailed and objective tax determination for e-invoice items
- Implementation timeline remains unchanged
- Testing environment available from September 1, 2025, to October 30, 2025
- Production environment updates from October 31, 2025, to December 31, 2025
- Full effect of new fields and rules starting January 1, 2026
- Further updates to Technical Notes expected as Congress finalizes tax reform details
Source: kpmg.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.
