- Brazil will transition from PIS, Cofins, ICMS, and ISS taxes to new CBS (federal) and IBS (state) VAT systems between 2026-2033.
- New implementing regulations were published on 30 April 2026; penalties for non-compliance with reporting start from 1 August 2026.
- Split Payments for B2B transactions will begin voluntarily in 2027.
- Public consultation on the new regulations is open until 31 May; further consolidation rules are expected.
- A VAT pilot was completed in 2026, and a secondary VAT law on administration and sector guidance has been passed; penalty waivers for e-invoicing errors were in place from 1 January to 30 April 2026.
Source: vatcalc.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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