- Brazil’s Chamber of Deputies received a proposal for a 7% levy called the Social Digital Contribution (CSD) on certain digital platforms’ turnover. This tax would apply to advertising services using user data and the sale or transfer of user-generated data. Exclusions include the marketing of goods/services by the supplier, payment services, and platforms providing access to financial instruments. It targets large digital platforms with global revenue over BRL 500 million. If passed, it would take effect 180 days after publication.
Source: fintua.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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