Brazil Unveils Second Bill for Overhaul of Consumption Taxes: Focus on Regional Tax Management

• Brazil’s government presented a second bill to regulate a consumption tax reform
• The reform merges five existing levies into a value-added tax with separate federal and regional rates
• A management committee will oversee the regional tax rate
• The federal government will provide funding for the committee
• The bill also standardizes rules on a state tax on inheritances and donations in life

Source: xm.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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