Brazil May Postpone Tax Reform Until 2033
4 Articles
4 Articles
Approved in December 2023, during the government of Luiz Inácio Lula da Silva (PT), the tax reform entered the testing phase this year. In practice, entrepreneurs hired experts to make estimates of the new tax burden, reworked specifications, reviewed contracts and even plan to close units in certain places to take to others because, with the reform, there would no longer be any tax benefit where they are. Exclusive material for subscribers. To …
The presidential election in Brazil has thrown into question the timetable for the introduction of the new value-added tax (VAT) system, which is due to be fully operational by 2033. Presidential candidate Flavio Bolsonaro has announced his intention to review the sweeping tax reform approved under Luiz Inácio Lula da Silva, and has not ruled out temporarily suspending its implementation, the specialist publication VAT Calc reports. Bolsonaro, w…
The promise of the presidential candidate Flávio Bolsonaro to suspend the implementation of the tax reform for one year has rekindled the debate between companies on the transitional calendar of the new tax system. However, a possible change in the dates for the entry into force of the Contribution on Goods and Services (CBS) and the [...] The post Post Deferral of the tax reform after election is unlikely, expert assessment appeared first in Ma…
Movement gathers productive sector in Brasilia to discuss rules, costs and impacts of the new system in the midst of Flávio Bolsonaro's proposal to postpone the change The post Tax Reform faces pressure for adjustments even before the implementation apareceu primeiro em ND More
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