- Complementary Law No. 227/2026 establishes the IBS Management Committee (CGIBS) to govern, administer, and resolve disputes for the new Goods and Services Tax (IBS) in Brazil.
- The law creates a centralized, standardized national system for IBS, replacing the fragmented ICMS and ISS systems over a transition period.
- CGIBS will handle tax administration, collection, auditing, and revenue distribution among states and municipalities, working jointly with federal, state, and municipal authorities.
- The law sets operational rules for tax disputes, revenue sharing, and uniform application of IBS to reduce regional differences and increase legal certainty.
- 2026 is a key preparation year for businesses to adapt to the new system, improve data quality, and plan technology changes, though no immediate new taxpayer obligations are introduced.
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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