- Brazilian Congress approved a supplementary law for tax reform.
- New taxes (IBS and CBS) set to replace existing indirect taxes by 2026.
- Transition period introduces split payment system and credit-deduction conditions.
- Companies must prepare for significant process and IT adjustments in 2025.
- Reform aims to simplify the tax system while impacting business operations and investments.
Source EY
Latest Posts in "Brazil"
- São Paulo Eliminates ICMS Tax Substitution for Hundreds of Products Starting 2026
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- STJ Suspends Appeals on ICMS DIFAL Inclusion in PIS/COFINS Tax Base Nationwide
- STF Prohibits Retroactive ICMS Collection on Intra-Company Transfers Before 2024
