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Brazil’s tax reform: what to expect

By Silvano Alves Alcantara*

The debate over tax reform is recurrent in Brazil, especially where the tax burden has already reached 33% of the Gross Domestic Product (GDP).

But, an effective reform in line with the population's wishes is far from happening, such as the reduction of tax rates, the simplification of tax legislation, and the transparency of the allocation of the amounts paid.

While the expected reform is still pending, minor adjustments in the tax area have been made over time, and several proposals have already been presented and filed; others are still active, such as PEC 110 . . .

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