Tax Reform Proposals in Brazil – The VAT Alternative

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 such proposal is being crafted by the Special Commission on Tax Reform within the Chamber of Representatives. The Commission is proposing the introduction of a value added tax to replace the state-level ICMS, the municipal ISS and the federal PIS and COFINS. The federal IPI would likewise be replaced by a national excise tax. The details of this project have not been released to the public, but the discussion is expected to start in earnest in April.

The post Tax Reform Proposals in Brazil – The VAT Alternative appeared first on Sovos.

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.

Author

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.
Share This Post