- Launch of Sovereign Brazil Plan: In response to the 50% U.S. tariffs on Brazilian imports, the Brazilian Government has initiated the Sovereign Brazil Plan, which includes measures to support affected exporters and stabilize the industrial base.
- Key Support Measures: The plan allows impacted companies to postpone federal tax and debt payments for two months, grants a one-year extension for exporters using tax-suspended inputs, and temporarily increases refund rates under the REINTEGRA regime for exporters based on their size.
- Expanded Export Support: The Export Credit Insurance and Guarantee Fund (FGE) will be updated to enhance coverage for exporters, especially in high-tech and green sectors, while government entities will be permitted to purchase unsold food products originally intended for the U.S. market, bypassing standard procurement procedures.
Source Orbitax
Latest Posts in "Brazil"
- Brazil Publishes Supplementary Law No. 227/2026, Advancing Tax Reform and Establishing IBS Management Committee
- Brazil tax reform: Implementation phase goes live
- Brazil Enacts Law Creating IBS Management Committee, Launching Centralized Tax System Under 2026 Reform
- Brazil Publishes Law Advancing Second Phase of Consumption Tax Reform and IBS Administration
- Brazil Launches Dual-VAT Pilot, Paving Way for Major Indirect Tax Reform by 2032
