- Brazil’s tax authority has set a September 2026 deadline for Simples Nacional small businesses to choose their consumption tax option under the indirect tax reform.
- Businesses must decide between paying IBS and CBS through a single unified rate in the simplified system or calculating and paying them separately under the standard regime.
- The separate regime would allow full input VAT credits to be passed on to B2B customers.
Source: regfollower.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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