Tag: IBS

Senate leader doubts 2023 indirect tax reform Hopes earlier this year (see below) for progress to unlock competing proposals (PEC’s 110 and 45) to introduce VAT in Brazil have been cast into doubt by the head of Brazil’s Senate Economic Affairs Committee, Senator Vanderlan Cardoso.

Senate progresses three taxes to replace COFINS, PIS, IPI, ICMS and ISS indirect tax maze One of the many proposals to reform the complex Brazilian indirect tax system is set to progress this year. Senate PEC 110/2019: consolidating existing federal and state taxes into a two