- Supplementary Law No. 227/2026 advances Brazil’s Tax Reform by establishing the Goods and Services Tax Management Committee (CGIBS) to centralize and standardize tax collection and procedures.
- The law sets administrative procedures, transition rules for phasing out the ICMS by 2033, and amends previous tax legislation.
- It introduces unified litigation procedures, electronic notifications, and an integration chamber to harmonize dispute resolutions and reduce systemic litigation.
- Provisions for the use and reimbursement of ICMS credits and inventory tax substitution amounts are established to ease the transition.
- Presidential vetoes excluded provisions that could increase litigation or extend sector-specific benefits, and some law provisions will be implemented immediately while others will be phased in.
Source: demarest.com.br
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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