Summary of the main aspects of the Brazilian Tax Reform on the indirect taxation

11 July 2023

The Brazilian House of Representatives approved the tax reform bill (PEC-45-A) that simplifies taxation on consumption. The bill creates two VAT taxes (IBS and the CBS) that will replace all existing Federal, State and Municipal taxes assessed on the sale of goods, services and rights. A transition phase has been established until 2032.

This newsletter provides information about legal developments in Brazil to clients and members of Cescon, Barrieu, Flesch & Barreto Advogados. The content included herein is not meant to provide legal advice with respect to any specific matter. We do not undertake to update, supplement or modify the information contained herein.

André Melo, Hugo Barreto Sodré Leal, Roberto Barrieu, Rodrigo Bevilaqua

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Summary of the main aspects of the Brazilian Tax Reform on the indirect taxation

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