- Complementary Law No. 227/2026 was published on 14 January 2026, advancing the Consumption Tax Reform.
- The law creates the IBS Management Committee (CGIBS) to administer the new IBS tax, shared by states, the Federal District, and municipalities.
- It establishes general rules for IBS-related tax litigation, tax transition, compensation and reimbursement of ICMS credits, and modifies rules for the Inheritance and Donation Tax (ITCMD).
- The law amends and consolidates previous tax legislation, including Complementary Law No. 214/2025.
- The final law differs from the House-approved version due to presidential vetoes, and further regulations will be published to operationalize the new rules.
Source: bakermckenzie.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.
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