Category: Brazil

The Brazilian Supreme Court has confirmed the exclusion of ICMS tax from PIS and COFINS calculations. The Court confirmed that the state ICMS should be excluded from the tax base for calculating the federal PIS and COFIN on invoices. The ruling has made clear taxpayers

Two alternative proposals to reform the hugely complex Brazilian indirect tax regime. The aim is to reduce instances of double and compounding taxes at the federal, state and municipal levels. This is seen as holding back the development of the internal industrial market, and encourage