- Flávio Bolsonaro said he would seek constitutional changes to Brazil’s planned dual VAT reform if elected, arguing the system could create an overly high tax burden on businesses and consumers.
- He supports simplifying Brazil’s tax system but wants revisions to avoid an estimated effective VAT rate of about 28%, which he says is too high.
- Bolsonaro also proposed cutting payroll taxes to increase workers’ take-home pay.
- His adviser said he would review or reverse several Lula-era tax measures, including the dividend tax, the 12% crude oil export tax, and higher Financial Transactions Tax rates on corporate credit, FX transactions, and some private pension investments.
Source: vatabout.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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