Brazil’s tax reform: estimated VAT rate between 25.45% and 27% based on the adopted text of the Parliament
Brazil's new VAT rate could reach 25-27%, among the world's highest. Analysis of the CBS and IBS tax structure and...
August 9, 2023Topic
VAT brazil
Brazil’s Lula government fails to control spending and starts to tax fuel again
Brazil's Lula government admits it cannot give up almost R$29 billion in PIS/Cofins (Brazilian VAT) that will be charged to...
February 28, 2023
Brazil: With the drop in gasoline prices, ethanol loses advantage in 151 cities
Since the VAT ceiling was implemented, hydrous ethanol is no longer competitive in 151 municipalities.
July 21, 2022
Brazil: more populated states reduce ethanol taxes
On Monday, July 18, the governments of São Paulo and Minas Gerais, Brazil's two most populous states, announced cuts to...
July 19, 2022
Brazil removes taxes on phone and Internet, services now considered ‘essential’
Brazil implemented a new nationwide tax law that considers telecommunications, energy, and public transportation services essential.
June 29, 2022
Brazil: São Paulo State Government to reduce VAT on gasoline
RIO DE JANEIRO, BRAZIL - The governor of São Paulo, Rodrigo Garcia (PSDB), announced on Monday, June 27, that the...
June 27, 2022
Brazil government announces over US$10 billion in tax cuts -Sindifisco
In the first quarter of this year, the federal government announced tax cuts totaling R$47.05 billion (US$10 billion).
April 7, 2022