- Brazil’s Federal Revenue Service and IBS Management Committee issued a joint resolution to help businesses transition to the new VAT system (IBS and CBS).
- Companies get a four-month grace period after the new rules are published, with no fines for missing or incomplete IBS/CBS invoice fields or reporting.
- In 2026, IBS and CBS amounts on invoices are informational only; no tax will be collected if reporting obligations are met.
- New and existing electronic invoice types are confirmed for use under the new system.
- Management responsibilities for different invoice types are clarified, other taxes remain unchanged, and 2026 will serve as a testing year with no penalties for mistakes.
Source: fiscal-requirements.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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