Tax on Goods and Services (IBS), place of business, and telecommunication transactions

As part of the regulatory framework for Amendment to the Brazilian Constitution 132/2023—which established a modern and simplified indirect taxation system—the Federal Government submitted Supplementary Law Bill (PLP) 68/2024. The bill creates the Tax on Goods and Services (IBS), the Social Contribution on Goods and Services (CBS), and the Brazilian Excise Tax (IS), while also addressing other aspects of the tax reform.

 

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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.

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