Tax Reform Proposals in Brazil – The Presidential Plan

Sovos
March 29, 2017

The Brazilian government is considering several proposals to reform their indirect tax system, widely considered to be one of the most complex in the world. One of those proposals, offered by the Brazilian President, suggests a significant tax overhaul to take place over multiple stages. Stage 1, slated for June, would involve a simplification of the federal PIS and COFINS which the President believes can be accomplished by a Provisional Decree. The second stage, slated for July, would involve an overhaul of the ICMS. Additional details of this fairly ambitious proposal are slated to be released in the month of April.

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Sovos

Sovos was built to solve the complexities of the digital transformation of tax, with complete, connected offerings for tax determination, continuous transaction controls, tax reporting and more. Sovos customers include half the Fortune 500, as well as businesses of every size operating in more than 70 countries. The company’s SaaS products and proprietary Sovos S1 Platform integrate with a wide variety of business applications and government compliance processes. Sovos has employees throughout the Americas and Europe, and is owned by Hg and TA Associates.
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