BRAZIL’s NFCE: unique identification postponed
The Sinief Agreement (Ajuste Sinief) 17/21 postponed the requirement for an NFCe to be uniquely identified by an identifier comprising the CNPJ (tax id) of
Region: Brazil
BRAZIL: Changes to classification codes delayed
The Sinief Agreement (Ajuste Sinief 12/21) postponed the implementation of codes used in e-invoices for classification of transactions (eg. taxed, partially taxed, exempt, non-taxed etc),
BRAZIL’s NFe and NFCe: Obligation to appoint the intermediary’s tax ID postponed
Brazil’s tax authorities delayed the inclusion of the CNPJ (tax ID) of the intermediary or agent in commercial transactions performed in a physical or virtual
News
G20 Ministers Agree to Move Forward with Global Tax Reform Deal
In the “Statement on a Two-Pillar Solution to Address the Tax Challenges Arising From the Digitalization of the Economy” issued on 1 July 2021, members
Brazil: NCM table changed
The Technical Note 2016.003 has been updated and is now in version 2.00. The Technical Note changes the NCM table and is effective from July
Brazil: Buyer’s response deadline changed
The Technical Note 2020.001 has been updated and is now in version 1.10. The new version implements regulatory updated introduced by the Sinief Agreement 44/20,
Brazil E-Invoicing
Electronic invoicing in Brazil Brazil is widely regarded as a major player in the world of electronic invoicing, largely due to the sheer number of
Brazil NFe: Schema of the NT 2021.001 published
The schema of version 1.00 of the NT 2021.001 has been published. The NT 2021.001 introduces the new NFe event “proof of delivery of the
Value Added Tax
The VAT Evolution and Why It’s So Complex Part I: Thinking Globally
To understand why there is an ongoing evolution in the managing and administration of value added taxes (VAT), it is important to first understand the
Value Added Tax
The VAT Evolution and Why It’s So Complex Part II: Three Focus Areas for VAT
In Part I of our series on the VAT Evolution, we explored the motivations of tax authorities and governments around the world to embrace digitization
Value Added Tax
The VAT Evolution and Why It’s So Complex Part III: Why Global Solutions Matter to IT
In Part I of our series on the VAT Evolution, we explored the motivations of tax authorities and governments around the world to embrace digitization
Electronic Invoicing
E-Invoice Data Reveals the Impact of COVID-19 on Brazil’s Economy
Increased visibility into, and control over, taxpayer financial and trade data is the key benefit highlighted by governments that have introduced continuous transaction controls (CTC)
Electronic Invoicing
Brazil 360º Compliance Series: 100% Cloud Based Fiscal Solution
DATE: April 7th, 2021 TIME: 9 am ET DURATION: 60 minutes As tax authorities in Brazil mandate multiple fiscal reports, all being delivered on different dates, it is
Value Added Tax
Sovos Strengthens Complete, Connected Tax Compliance in Brazil with Latest Acquisition
For businesses headquartered or operating in Brazil, the constantly shifting Nota Fiscal compliance regulations are a well-known pain point. The Sistema Público de Escrituração Digital
News
Sovos Acquires Fit Sistemas, Provides Complete, Connected Tax Compliance in Brazil
Following 2020 Taxweb acquisition, Sovos creates uniquely complete cloud solution for Nota Fiscal compliance in Brazil, with tax determination, continuous transaction control compliance and SPED
Value Added Tax
Transforming Your Approach to Tax in Brazil Part I: Understanding the Dilemma
Introduction: Brazil is the world’s ninth largest economy and a country with a well-earned reputation of being perhaps the most complex tax environment on Earth.
Value Added Tax
Transforming Your Approach to Tax in Brazil Part II: A New Journey Begins
Introduction: Brazil is the world’s ninth largest economy and a country with a well-earned reputation of being perhaps the most complex tax environment on Earth.
Value Added Tax
Transforming Your Approach to Tax in Brazil Part III: Aligning Technology and Partnerships
Introduction: Brazil is the world’s ninth largest economy and a country with a well-earned reputation of being perhaps the most complex tax environment on Earth.