Tag: Brazilian taxes

The government is preparing a new decree to reduce the Tax on Industrialized Products (IPI). The idea is to replace the previous cut, which the Federal Supreme Court (STF) questioned. According to sources, the reduction will be 35% and apply...
RIO DE JANEIRO, BRAZIL - Brazil implemented a new nationwide tax law that considers telecommunications, energy, and public transportation services essential. This new law establishes that the Tax on the Circulation of Goods and Services (ICMS, Brazilian VAT tax) shall...
RIO DE JANEIRO, BRAZIL - On June 13, the Brazilian Senate approved the bill, which limits state-level VAT (ICMS) on fuels, natural gas, electric energy, communications, and public transportation. According to the proposal, these products would be classified as essential...
RIO DE JANEIRO, BRAZIL - To unlock the tax reform in the Senate, Brazil's Minister of Economy, Paulo Guedes, said on May 9 that the government could present a "leaner" version of the project with the proposal to increase...
RIO DE JANEIRO, BRAZIL - On May 9, Brazil's Minister of Economy, Paulo Guedes, said Brazil needs to receive money for preserving the environment. In an event in Brasilia, Guedes said he is working on three agreements with the OECD,...
RIO DE JANEIRO, BRAZIL - Brazil's federal tax collection in March 2022 totaled R$164.147 billion (US$33.1 billion), according to data from the Internal Revenue Service (IRS). It represents an advance of 6.92% compared to the same month last year,...
RIO DE JANEIRO, BRAZIL - Brazil ranks second in the list of countries that tax companies the most, second only to Malta. A study by the CupomVálido platform based on OCDE (Organization for Economic Cooperation and Development) data disclosed...
RIO DE JANEIRO, BRAZIL - Brazilian President Jair Bolsonaro signed on Tuesday a decree to gradually eliminate, in a process that will be extended until 2028, the tax on exchange operations, which will make it cheaper to acquire foreign...
RIO DE JANEIRO, BRAZIL - The first vice-president of the House of Representatives, Marcelo Ramos from Amazonas State, spared no criticism of presidential decree No. 10,979, which reduces the Tax on Industrialized Products (IPI) by up to 25% on...



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